RENO STUDENT HOUSING, DST
2780 Enterprise Rd, Reno, NV 89512
Minimum Investment: $100,000
Equity Offering: $42,900,000
- Fully-Loaded LTV: 44.93%
- Cash Investor: $25,000
- 1.60% spread over 10 year Treasury rate
- $1,000,000 Up Front for Future Capital Expenditures and Unforeseen Repairs.
The objective of this investment is to acquire a newly constructed, Class “A”, purpose-built Student Housing property located near the University of Nevada, Reno; retain a highly regarded student housing management services firm;
2780 Enterprise Rd, Reno, NV 89512
Located one block from the UNR campus, this seven-building, cable with 1 Gigabit of bandwidth capacity offering students the benefit of very fast and reliable internet connectivity and ability to stay connected to multiple devices to support their academic and entertainment needs.
Property Description
The Trust will acquire a newly constructed, 99% leased, Class “A”, purpose-built student housing property located at 2780 Enterprise Road, Reno, Nevada 89512 commonly known as The Summit (“The Summit”). The Summit is a seven building LEED Certified Silver, 186 Unit /709 bed student housing community on 8.95 acres located one block from the University of Nevada, Reno (“UNR”) campus. The Units are fully furnished including energy efficient appliances, interior washer/dryer, and condominium finishes with granite countertops, pendant lighting, espresso finish cabinets and wood vinyl plank flooring. The property contains fiber optic Investment Objectives The objective of this investment is to acquire a newly constructed, Class “A”, purpose-built Student Housing property located near the University of Nevada, Reno; retain a highly regarded student housing management services firm; and hold for cash flow and future appreciation. Located one block from the UNR campus, this seven-building, cable with 1 Gigabit of bandwidth capacity offering students the benefit of very fast and reliable internet connectivity and ability to stay connected to multiple devices to support their academic and entertainment needs.
The Summit offers an extraordinary amenities package including a two-story clubhouse with a fitness center, game lounge, pool, spa, computer room and business center, M-F campus shuttle service, common area BBQ’s, tanning room, security, 14 private study rooms, covered parking, gated access and covered bike storage areas.
Investment Summary
- Investment Product: Purpose-Built Student Housing
- Location: One block from the University of Nevada, Reno
- Address: 2780 Enterprise Rd, Reno, NV 89512
- Enrollment: Division I University with +/- 21,000 Students
- Year Built: New Construction, Completed Q3 2016
- Occupancy: 99% Leased
- Total Units / Beds: 186 / 709 Fully Furnished
- Community Amenities: +1 Gigabit High Speed Internet, 14 Private Study Rms, Computer Business Center, Pool, Spa, Gated Access Parking, Enhanced Privacy – All but two Units have 1 Bedroom and 1 Bathroom parity
- Interior Finishes: Granite Countertops, GE Energy Star® Appliances, Espresso Finish Cabinets & Wood Vinyl Plank Flooring
- Green Amenities: LEED Silver Certification, Energy Efficient HVAC, High Grade Air Filters, Drought-Tolerant Landscaping & Energy Efficient Lighting
ABOUT STRATEGIC
Financial Professionals Call
877.327.3485
info@sam.com
SAM.com
Reno Student Housing, DST, a newly formed Delaware statutory trust (the “Trust”) and an affiliate of SmartStop Asset Management (“SAM”), is offering (the “Offering”) to sell to certain qualified, accredited Investors (the “Investors”) pursuant to this Confidential Private Placement Memorandum (the “Memorandum”) up to $42,900,000 of beneficial interests (the “Interest”) in the Trust.