• Attractive Value-Add Opportunity
Campustown Rentals presents the opportunity for the buyer to undertake a light and bright value-add initiative that would include minor façade updates to the exterior of buildings as well as kitchen upgrades such as stainless-steel appliances, stone countertops, undermount sinks and a cabinet refresh. Campustown Rentals’ rents are positioned at a deep discount to newer product in the same submarket that even minor updates can increase rents effectively.

• Locations Next to Campus Hot Spots
Campustown Rentals consists of 20 separate properties at different locations around the eastern and western side of the UIUC campus. 14 of the buildings (86% of beds) are located in or around Campustown (west of the academic sector of campus), a major hub for off-campus living, nightlife and Greek life. Residents of Campustown Rentals are pedestrian to campus essentials such as the picturesque Main Quad where students tend to frequent, Engineering buildings, student union, recreation center and undergraduate library. Living next to these campus landmarks is extremely valuable for UIUC students that prefer to avoid long commutes. The 6 buildings (14% of beds) located east of campus also provide residents with an easy walk to campus as well as benefit from their proximity to the Lincoln Square Mall, a regional shopping center that attracts retail and local restaurant options.

• Booming Enrollment at University of Illinois – Urbana-Champaign
University of Illinois is one of the largest universities in the country by enrollment with almost 57,000 students in Fall 2022 including nearly 35,000 undergraduate students. In the last two years, total enrollment has grown an impressive 4,300 students, or 8.2%. The University was able to keep growing enrollment through the COVID pandemic, a testament to the strength of UIUC’s demand and reputation. The University is showing no signs of slowing down as it welcomed its second largest first-year class of 7,957 students in Fall 2022. UIUC did not have to compromise on quality of student in order to usher in the large first-year class as its acceptance rate decreased dramatically and average GPA and SAT score both increased.

• Robust Off-Campus Housing Market
University of Illinois’s privately-owned off-campus housing market has thrived over the past year with Yardi Matrix placing it in its Top-20 universities in the nation by rent growth with an impressive 9.3% as of March 2023. Campustown Rentals has been able to capitalize on the strong market as it has achieved [7.8%] rent growth in AY 23-24 and is 98% preleased.