KB Oxford, DST, is a portfolio of two (2) upscale student housing communities in Oxford, Mississippi: Arbors at the Park (100 units; constructed in 2018) and the Cottages at Hooper Hollow (76 units; constructed in 2016). The two properties are located along the same busy thoroughfare, Hwy 314, in the heart of Oxford, a college town well known for its southern charm and character.
Lavish and luxurious, these two properties were built to cater to The University of Mississippi’s affluent students and their parents. Both properties, considered “best in class” among Ole Miss student housing, have maintained a 100% occupancy rate since initial lease-up.
With no new supply of beds in Oxford since 2019, Arbors at the Park and the Cottages at Hooper Hollow are ideally positioned to maintain that 100% occupancy rate in the future, especially because 77% of the university’s students live off campus. Both properties are located within driving, bicycling, and walking distance of Ole Miss, the foundation of Oxford’s community. A Tier 1 university, the school’s Ole Miss Rebels sports teams compete in the NCAA Division I Southeastern Conference (SEC). The university benefits from a population of approximately 47,955 in a 10-mile radius with an average household income of $76,435.
KB Oxford, DST
KB Oxford, DST
KB Oxford, DST
KB Oxford, DST
Arbors at The Park
Built in 2018
118,790 SF Gross building area
Number of buildings: 10
On bike path to campus
Clubhouse pool area
Fitness center
The Cottages at Hooper Hollow
Built in 2016
132,171 SF Gross building area
Number of buildings: 40
Clubhouse pool & cabana
Fitness center
Private locks on each bedroom
Student Housing Sector
The Football Advantage of
Power 5 Conference Student Housings
According to research by CBRE in 2019, student housing properties serving
universities with elite football programs command higher prices and lower cap rates
compared with student housing associated with other universities. Cap rates for
student housing assets at elite football universities were found to be considerably
lower than student housing at other universities, CBRE said, with the pricing
differential 40+ basis points in the first half of 2019. Namely, at NCAA’s Division I
Power 5 universities (representing the top five football conferences: Atlantic Coast,
Big Ten, Big 12, Pac-12 and Southeastern), student housing acquisitions in the first
half of the year had an average 5.40% cap rate (or 43 basis points below non-Division
I schools) and captured a disproportionate share of the total investment volume for
the first half of the year—which was nearly half of all transactions.
The NCAA Power Five (SEC), of course, includes the University of Mississippi, home of the Ole Miss Rebels.
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