• 333-bed student housing asset, pedestrian to campus
• Diverse unit mix, majority made up of in-demand two-bedroom units
• Potential for 600-bed development on adjacent parcel
• Operational improvement to meet higher rents in the comp set, particularly on two-bedroom unit types possible

Vivo Toledo

Vivo Toledo is an attractive 333-bed student housing facility conveniently located within walking distance of the campus. This property boasts a diverse mix of units, primarily featuring in-demand two-bedroom apartments. In addition, there is an excellent opportunity for future development, with the potential for an additional 600 beds on an adjacent parcel of land.

The University of Toledo, located just three miles from downtown Toledo, is home to over 14,000 enrolled students, making Vivo Toledo an ideal place for student living. The university’s affiliation with the NCAA Division I Mid-American Conference adds to its appeal, offering a vibrant and engaging collegiate experience.

There is significant potential for operational improvements to meet the competitive rental rates, particularly for the two-bedroom units. The available vacant land also provides flexibility for future expansion and the development of additional accommodations.

University of Toledo

The University of Toledo, established in 1872, is a key public institution in Ohio, with an enrollment of 14,440 students for fall 2024. Spanning over 1,400 acres, the campus features more than 100 buildings and is noted for its strong programs in science, engineering, and medicine. It boasts a vibrant life with 15 Division I sports teams and over 300 student organizations, with the athletic teams known as the Rockets competing in the Mid-American Conference.

With over 250 academic programs and a favorable student-to-faculty ratio of 20:1, nearly half of its classes have fewer than 20 students. Located just 10 minutes from Downtown Toledo, the University launched a new strategic plan in July 2023 aimed at enhancing student success and outreach to prospective students to uphold its educational excellence.