Student Housing Investment Opportunity

Located in Durham, NH home to UNH.10-14 Strafford Ave offers a well-diversified unit mix ranging from studios to four-bedroom apartments, appealing to the broad spectrum of housing preferences within the University of New Hampshire student market. The property features onsite laundry facilities and ample onsite parking, with parking available to tenants for an additional fee. The asset has a proven track record of exceptional operating performance, consistently maintaining near-100% occupancy, strong pre-leasing activity, and average annual rent growth of approximately 2.4% over the past six years. These strong fundamentals position the property to continue benefiting from the sustained demand for off-campus student housing. The offering includes both 10 and 14 Strafford Ave, comprising a total of 67 units and 91 total beds. The property is being offered at a 7.75% capitalization rate based on the forecasted NOI, presenting investors with an opportunity to acquire a stabilized, high-performing student housing asset in a proven rental market.