— Strong Historical Performance & Rent Growth
Union Corvallis has been one of the top performing assets in the Oregon State University student housing market, achieving full occupancy for the last four consecutive academic years inclusive of AY 24-25. The property also grew rents an impressive 16.7% in AY 24-25 after achieving 8.0% and 8.8% rent growth in AY 23-24 and AY 22-23, respectively. Union’s AY 25-26 preleasing velocity is similarly paced to last year with 6%+ rent growth forecasted.
— Location Next to Campus
Located just a block north of the Oregon State University campus border, Union offers residents a highly desirable, pedestrian location to lecture halls, the quad, and on-campus activities. Residents are just a short walk from the School of Engineering, OSU Learning & Innovation Center, Valley Library, OSU Women’s Building, and the OSU National Historic District. Additionally, the property is less than a quarter-mile from the NW Monroe Avenue retail hub, which includes popular bars, restaurants, and entertainment.
— Newly Renovated Units
Current ownership recently completed a full in-unit renovation cycle at the property. Units feature stainless steel appliances, granite countertops, new smart TV’s, LVT flooring throughout, upgraded bedroom furniture, in-unit washer and dryer, high-speed internet and a new smart package.
— Flagship University
Oregon State University is the largest university in Oregon and is best known for its mixture of excellent academics and exquisite natural beauty. OSU enrolled 38,125 total students in Fall 2024—a 1,400+ student increase since the previous year. Over the last five years, OSU has experienced enrollment growth each year, with total enrollment growing by over 18.8%, (6,400+ students) since 2019. Out-of-state and international enrollment represents over 50% of the total student body population at OSU, showcasing the university’s widespread appeal.
— Leading Student Housing Market
The purpose-built student housing properties at OSU leased up to greater than 99% for both academic years 23-24 & 24-25 per CollegeHouse. The strong historical occupancy and consistent YoY rent growth should continue well into the future in the Corvallis market with no properties in the development pipeline and growth in university applications of 5% YoY and 16% over two-years.
— Excellent Amenity Package
Union Corvallis boasts one of the top amenity packages in the OSU market and includes a large outdoor sundeck with grilling area, resident lounge with TV and gathering spaces, library reading area, computer stations with free printing, study lounge with private study areas, clubhouse with ping pong and pool table, and upgraded furniture in common areas.
