Reno Student Housing, DST

Investment Summary

  • Investment Product
    Purpose-Built Student Housing
  • Location
    One block from the University of Nevada, Reno
  • Address
    2780 Enterprise Rd, Reno, NV 89512
  • Enrollment
    Division I University with +/- 21,000 Students
  • Year Built
    New Construction, Completed Q3 2016
  • Total Units/Beds
    186/709 Fully Furnished
  • Occupancy
    99% Leased

*Numbers my change

  • Minimum Investment
  • 1031 Exchange Investor: $100,000
  • Cash Investor: $25,000
  • Current Cash Flow
    5% – Year 1
  • Fully-Loaded LTV
    45.07%
  • Loan Terms
    10 year Fannie Mae, with 3 year interest only, 30 year amort thereafter
  • Interest Rate
    1.60% spread over 10 year Treasury rate
  • Equity Offering
    $42,657,000 of beneficial interests in the trust

Property Information

Investment Objectives

The objective of this investment is to acquire a newly constructed, Class “A”, purpose-built Student Housing property located near the University of Nevada, Reno; retain a highly regarded student housing management services firm; and hold for cash flow and future appreciation. Located one block from campus, this seven-building, state-of-the art architectural design offers students a sense of community and connectedness that will make this property attractive to tenants for many years to come. In addition, the LEED Silver Certification will provide both property tax and loan incentives that are expected to enhance cash-on-cash returns to investors.

Property Management

Asset Campus Housing is the largest third party student housing management company in the nation with a portfolio of 250 + properties consisting of 113,500 + beds. With 30 years of experience, Asset Campus Housing offers student housing specific property management, operations, construction services and marketing/leasing services; and is widely considered the “industry standard” service provider by investors, lenders and developers of student housing nationally.

Location

The Summit is located on Enterprise Road one block west of University Nevada-Reno. Just 0.20 miles from the edge of campus and 0.73 miles from the Lombardi Recreation Center, the property is a convenient walk or bike ride to the center of campus. Additionally, the property will have access to the university’s PackTransit bus system with its own stop on Enterprise Road. The shuttle runs every 20-25 minutes and will transport residents to various locations on campus. The site is also ideally located near Downtown Reno and all of its entertainment options, which serves as a center for tourist activity. Aside from being walking distance from campus, the site is also situated just off of McCarran Boulevard (Highway 659), also known as Reno’s “ring road.”

University

The University of Nevada-Reno (UNR) was founded in 1874 as the State University of Nevada in Elko, Nevada, about 300 miles northeast of its present-day campus in Reno. Today, the university is known as one of the nation’s top public research universities and is ranked as a National Tier 1 University by U.S. News & World Report. Home to 20,898 students and 1,029 instructional faculty, UNR is the oldest and most academically prestigious university in the state. Since 2009, total enrollment has increased 11.35%, averaging 2.73% growth each year.

Documents

OFFERING DOCS

[wp-svg-icons icon=”file-3″ wrap=”i”]  Property Management Agreement
[wp-svg-icons icon=”file-3″ wrap=”i”]  ESA Phase 1 Draft RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Market Analysis UNR_Student Housing Demand Analysis_2015
[wp-svg-icons icon=”file-3″ wrap=”i”]  Organizational Chart RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  PCA-PCR DRAFT RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Property Zoning Report FINAL RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Purchase and Sale Agreement (Executed) RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Rent Roll Detail RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Staffing Trust Agreement – Partial – Reno DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Summit Survey RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Title Draft RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Appraisal Draft RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Current Standard Lease RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Fannie Mae Loan Application – Executed RENO DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  ACH 3rd Party PM Brochure RENO DST

MARKETING MATERIALS

[wp-svg-icons icon=”file-3″ wrap=”i”]  LEED Certification – The Summit, Reno_Final Review
[wp-svg-icons icon=”file-3″ wrap=”i”]  Why Student Housing?

SELLING & PURCHASE AGREEMENT

[wp-svg-icons icon=”file-3″ wrap=”i”]  Dealer Manager Agreement RENO DST fully executed
[wp-svg-icons icon=”file-3″ wrap=”i”]  Purchase Agreement Reno Student Housing, DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Investor Questionnaire Reno Student Housing, DST
[wp-svg-icons icon=”file-3″ wrap=”i”]  Participating Dealer Agreement – RENO DST

FORMATION DOCUMENTS

[wp-svg-icons icon=”file-3″ wrap=”i”]  Certificate of Good Standing STRATEGIC 1031 Properties-DE
[wp-svg-icons icon=”file-3″ wrap=”i”]  Certificate of Formation Reno Student Housing LeaseCo LLC-DE
[wp-svg-icons icon=”file-3″ wrap=”i”]  Certificate of Formation Reno Student Housing Manager LLC-DE
[wp-svg-icons icon=”file-3″ wrap=”i”]  Certificate of Formation Reno Student Housing DST-DE
[wp-svg-icons icon=”file-3″ wrap=”i”]  Certificate of Formation Strategic 1031 Properties, LLC-DE

* Note: Two 3-Bedroom Units are double-occupancy units, resulting in twelve total beds.

For Broker/Dealer Use Only. This communication is confidential and intended solely for the recipient, a FINRA registered broker-dealer. Not for investor use. Any further dissemination of this communication or the information contained herein is strictly prohibited and may constitute a violation of state and federal securities laws. This communication is not an offer to sell or a solicitation of offers to purchase any securities. Offers and sales of interests shall only be made by broker-dealers authorized to do so and only by means of a confidential private placement memorandum that fully discloses the potential benefits and risks of the investment, including tax risks, general real estate risks, risks relating to the financing, risks relating to the ownership and management of the Properties, risks relating to liquidity and risks relating to the trust structure. Nothing herein shall be considered to be an endorsement, guarantee of returns or performance, authorization or approval of Strategic 1031 Properties, LLC or any of its affiliates. The offering may not be available within the next thirty days. Securities provided through Select Capital Corporation.

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SmartStop Asset Management, LLC

10 Terrace Rd.
Ladera Ranch, CA 92694

T: (949) 429.6600
F: (949) 429.6606