University Place represents a heavy value add opportunity adjacent to a tier 1 campus. The Lofts at 308 Ninth, TODD Student Living and District Flats were all built in the last 3 years in comparable locations, and have an average bed rent of $908. By implementing systematic in unit upgrades to the property, University Place should at least be on par with the average bed rent of the 21 properties within a mile of campus that collect an average bed rent of $615, a 24% increase in rental revenue from present.
As the flagship university in Missouri, forecasts show University of Missouri quickly recovering. Sitting at the intersection of College Ave and University Ave, the long term prospects for University Place are unparalleled in the market.