Transactions


Iowa State University – Student Housing
The student housing project at Iowa State University is one of five projects in Aspen Heights 2014, LP a partnership in which Silverado invested with Aspen Heights. This is the development of a 600 bed cottage-style student housing development in Ames, IA. It is a 48 acre site and is less than .5 miles from the Iowa State University campus.

Class A, off-campus student housing in Ames was nearly 100% occupied in 2012, and consists entirely of garden-style or mid-rise product. Year-over-year enrollment growth since 2006 has averaged 4%, or nearly 1,000 students annually. This project will be the market’s first cottage-style development and will offer students a great living option at an unbeatable location, with just short walk to campus.

Enrollment Information
Undergraduate: 23,857
Graduate: 5,544

Market Statistics
Overall Area Occupancy: 100%
Average Rent: $490