Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2019
Building Area
Number of units 221

Property Description

Jones Lang LaSalle, L.P., JLL Real Estate Limited (collectively, JLL) is pleased to present Proximity at 10th, a best-in-class student-housing community located just feet from campus at expanding East Carolina University (ECU) in Greenville, NC. While ECU went fully online at the end of August, physical occupancy stabilized at 97% in October, demonstrating the unparalleled location of the asset with its accessibility to both ECU facilities and Uptown Greenville. Similarly unphased by the pandemic, ECU announced the third-highest enrollment in university history for Fall 2020 following a record setting number of freshman applications in the preceding admissions cycle.


Watch Proximity at 10th Marketing Video

Investment Highlights

  • Located immediately across the street from campus & 700 feet from the ECU student recreation center
  • Physical occupancy exceeded 97% in Fall 2020; Preleasing for Fall 2021 is already over 50% (as of 11/2/2020)
  • The property is located directly between main campus and the university’s on-going $325-million Millennial Campus development project
  • ECU welcomed its largest freshman class in university history in 2019
  • ECU received a record high in freshman applications for Fall 2020
  • On-campus occupancy has averaged 99% since Fall 2016
Last Updated Date: 30 Nov 2020
Stewart Hayes
Stewart Hayes
Director, Capital Markets
License details
IL-475.175313
Scott Clifton
Scott Clifton
Director, Capital Markets
License details
IL-475.17091

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Last Updated Date: 30 Nov 2020

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