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Updated over 8 years ago,
Senior Level Feed back on my strategy
The end goal is to own 63 properties in 7 university markets with nearly 3,000+ beds. However, the addressable market still consists of more than 6.3 million students in 280 markets, based on my target market of Historically Black Colleges and Universities (HBCU's) and other public flagship institutions with more than 5,000 students.
I've honed my skills and created competitive advantages that should help grow are tenant stream for years to come. First, the student housing market is fragmented. So, as larger numbers of students enroll, theres a lot of opportunity to increase efficiency and save on expenses. In addition, our properties are going to be made "purpose-built," a finished product thats specifically designed to attract today's college students with amenities that appeal to that demographic.
This approach gives our student housing businesses an advantage over standard apartment communities and substandard on-campus housing...
Me I am here at UAPB to take advantage of the strong opportunity thats in rental properties in the area. First of all, the markets that we're investing in hasn't fully recovered from the housing crash, and homes can be bought for significant discounts to their replacement cost. In fact, my estimates are that our average cost basis for each of its properties is about $40,000. It estimates the current average market value to be $89,000. So by simply acquiring the homes and doing some renovations, we'll have immediate equity in the properties.
Im looking to partner with some one that know how to pool investors and spread the word about the opportunities here in Central Arkansas