- 492-bed student housing asset built in 2009
- 2 & 3 bedroom units with bed-bath parity
- Less than one mile east of SIU campus
- Price at 35% of replacement cost
- Offered free & clear of existing financing
The Pointe at SIU
This student housing property, built in 2009, comprises 492 beds and is located less than a mile east of the SIU campus. It offers 2—and 3-bedroom units with bed-bath parity, is priced at 35% of replacement cost, and is free and clear of existing financing. Situated in a university environment with stabilizing and growing enrollment, this property presents a value-add opportunity. It provides immediate cash yields and has the potential for increased rent and occupancy levels as university enrollment improves.
Southern Illinois University
Established in 1869 as Southern Illinois Normal School, SIU-Carbondale stands as the flagship campus of the Southern Illinois University system. Despite undergoing various name changes over its nearly 150-year history, the institution has remained steadfast in its commitment to delivering high-quality, pertinent, and affordable education to the residents of surrounding agriculturally driven communities. Nestled in the picturesque community of Carbondale, formerly known as Little Egypt, Southern Illinois University has consistently produced top-tier graduates who exhibit a readiness to actively contribute to and effect change in their respective locales.
For the fall of 2023, total enrollment at SIU-Carbondale reached 11,359, reflecting a 2.30% upturn and effectively reversing a preceding nine-year trend. Encouragingly, freshman enrollment for the same period surged by 6.79%, building upon a 6.75% rise observed in 2022. Notably, this positive trajectory marks the fourth consecutive year of growth in the influx of freshman students, hinting at an enduring pattern of enrollment expansion in the years ahead. Anticipating continued progress, the university holds an optimistic outlook regarding the realization of its objective to accommodate 15,000 students by 2030, attributing this advancement to the enactment of its Imagine 2030 initiative.
