RENO STUDENT HOUSING, DST

RENO STUDENT HOUSING, DST

2780 Enterprise Rd, Reno, NV 89512

Minimum Investment: $100,000

Equity Offering: $42,900,000

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.

Disclaimer

1031Sponsors.com is a web portal owned by Investment.Net, LLC. The company is functioning in the 1031 exchange market for more than 15 years. Neither Investment.Net nor 1031Property intend to act as a broker or sell any goods or services. 1031Sponsors does not offer legal or tax advice. Tax topics discussed are for educational purposes only and should not be considered professional tax advice. It's recommended that you discuss your situation with your tax or legal advisor. Distributing an investment in different assets or choosing alternative investments involves higher risks than traditional investments and shouldn't be taken for granted. All alternative investment strategies are sold along with a prospectus that discloses all risks, fees, and expenses. These investments are not tax-efficient, and an investor should consult with his/her tax advisor before investing. The investor should be prepared to bear loss knowing that financial risks are attached to such investments.

1031Sponsors help investors residing in the United States complete their 1031 exchanges by providing them well-researched and authentic information related to 1031 exchanges. Services listed on the website 1031Sponsors.com can be modified to make them relevant to the present investment situation in the United States. For additional information, please contact 888-876-6005.