— Stable Enrollment Growth
As the largest university in Mississippi, Mississippi State boasts a total enrollment of 22,657 for Fall 2023, an increase of 12% over the last 10 years. Fall 2023 also saw an 11%+ increase in first-time students making it the largest entering class in the school’s 145 year history, a strong indicator of continued enrollment growth in the coming years. This year’s first-year class hails from all 82 Mississippi counties and remains the #1 choice for Mississippi’s high school graduates, as well as all 50 states and nearly 90 countries.
— Strong Leasing Velocity
HELiX Starkville is 96%+ preleased for 2024-25 as of 8/5/2024, 6% ahead of this time last year and 4% ahead of two years ago. The accelerated leasing velocity combined with no known properties in the development pipeline indicate a strong market and room for additional effective rent growth.
— Tier I / Power-5 University
Founded in 1878, Mississippi State University celebrated its 145th birthday in 2023. The public land-grant university is classified as an R1: Doctoral University, indicating “very high research activity”. In 2022 the university set a school record with $280.4mm in total research expenditures, which ranks #88 nationally. The university was also a founding member of the NCAA’s preeminent Southeastern Conference in 1932. The Mississippi State Bulldogs have 16 varsity teams and have recorded 21 national championships with the most recent being the 2021 College World Series Champion men’s baseball team.
— Light Value-Add Opportunity
HELiX Starkville provides the opportunity for the buyer to undertake a light and bright value add project that would include kitchen upgrades such as stainless steel appliances, stone countertops, undermount sinks and cabinet updates. These light, in-unit renovations create the potential for outsized rent growth driving value and returns.
— Best Location in the Market
HELiX Starkville is located across the street from the southeast side of the university. Residents enjoy a short walk to all the highly frequented on-campus destinations including but not limited to the university library, the college of business, the college of education, the college of arts and sciences, the college of engineering, the historic Drill Field, over 10 residence halls and Davis Wade Stadium where the football team competes.
— Top-of-Market Amenity Package
HELiX Starkville’s extensive amenity package is second to none in the Starkville student housing market. The Property’s headlining feature is its large resort-style pool with fountains, a volleyball net, and expansive lounge area, and also includes a two-story fitness center, Starbucks coffee bar, computer lounge, study rooms, game room and poolside grill area. Each unit at HELiX Starkville features bed-bath parity, en-suite bathrooms, hardwood-style floors, luxury furniture package, washer & dryer and a full kitchen appliance package.