Located just north of the business and law school this project will have over 1,000 beds for first year honor college students.[6] Student Housing Project on Broadway- The Mark at Tucson is a 8 story 154 unit high end luxury apartment complex set to be completed in fall of 2019.[7] Another Student Housing Project Coming Soon- With a land acquisition cost of $10.2 Mil. this new luxury student housing complex is located on the parking lot next to Chase Bank at UofA.

If so the license makes sense because there are two things people love to discuss in real estate, investing and luxury real estate.

It is luxury, Middle class or urban?

If I run the numbers ultra-conservatively, assuming all garages are vacant with no income from them, the property would make about $350 cash flow monthly with 5.5% cash on cash and 6.5% cap rate (I know, not impressive).

Honestly, I think I might know which property you are talking about.Regardless, what we are finding right now is a many if not Most of the duplex's in close proximity to downtown are being valued as tear downs for multi family properties, at least in the background.I really think the >$2,000 rents in Dallas are on the high side, especially as it seems like there are a lot, if not too many luxury apartment buildings going up. 

I’m not shooting for a luxury style apartment because we have plenty of them now.

The apartment I live before it was built was commercial offices the office building was bought for 5M then it was demolished and a A class 89 unit luxury apartment complex was built for 20M a year later the property is stabilized and fully occupied with it is worth 35M could be sold for a profit of 10M minus selling costs. 10M profit in 3 years not including the cash flow made for a year which is around 2-3M a year.

Eric, the biggest value for airline miles is when you redeem for premium cabin space on international flights or when flights are ultra-expensive, like around holidays or popular events.

For those of you investing in that area or are trying to invest have you seen any deals or is it ultra competitive?

I would sell the cheap ac units that I bought on Craigslist and go out to Luxury home appliance and buy the best remote control LG units for each of my rooms.