June 17, 2021 9:00 AM
星空体育app下载 announces the $16.5 million sale of Lafayette Place, a 366-bed student housing community located at 1711 Anderson Road in Oxford, Mississippi鈥損roximate to the University of Mississippi (Ole Miss). Vice Chairman and Head of 星空体育app下载鈥檚 Student Housing group Ryan Lang and Associate Director Jack Brett, in cooperation with Senior Managing Director Bo Flurry, represented the seller, DLP Holdings, LLC, in the transaction. This is the second student housing transaction 星空体育app下载 has executed in Oxford in the past month, following the sale of the nearby The Retreat at Oxford.
The seller completed several community amenity upgrades as well as interior upgrades to 41 percent of the units. Lafayette Place鈥檚 amenities include an updated clubhouse, a resort-style saltwater pool, an outdoor grilling area, a beach volleyball court, a 24-hour computer lab with study areas and a fully-equipped 24-hour fitness center. In-unit features include newly renovated granite countertops, hardwood-style flooring, new appliances and new faucet and sinks. The asset offers fully furnished units and 100 percent bed-to-bath parity with keyed bedroom entry, built-in desks, large closets and in-unit washer and dryer.
鈥淔ollowing the increased off-campus deliveries over the past few academic years, the Oxford student housing market is expected to see little to no on- and off-campus supply for the foreseeable future,鈥� said Ryan. 鈥淎s a result of steady enrollment growth and the lack of oncoming supply, market metrics are set to follow a continued upward trajectory.鈥�
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, 星空体育app下载 generated revenues in excess of $1.9 billion. To learn more, visit nmrk.com or follow .
Discussion of Forward-Looking Statements about 星空体育app下载
Statements in this document regarding 星空体育app下载 that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, 星空体育app下载 undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see 星空体育app下载’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.