Successful sale of a value added property in University of Northern Arizona emphasizes the historical resilience of the student housing category in the post-pandemic economy
OLD ALISO, CA.,, June 23, 2022 / PRNewswire / – Versity Invest, LLC, (Versity), a nationally recognized real estate investment firm specializing in student housing and conventional multifamily housing, has sold a 194-door property located half a mile from University of Northern Arizonagenerating 86.5% total return for investors.
“We are very proud of what we have achieved with Commons at Sawmill. We created a strategy early and were lucky enough to implement that strategy by overcoming various obstacles along the way. Ultimately, this proves once again that a strategic value-added plan has the potential to be very effective in student housing, in the right hands of the operator, ”he said. Blake WetengelCEO of Versity Invest.
The property, known as The Commons at Sawmill, is located at 901 South O’Leary Street in Flagstaff, Arizona. The Commons at Sawmill is located half a mile from University of Northern Arizona and includes 194 doors with 392 beds. Through Versity, the property generates 86.5% total return for investors.
For more information about Versity Invest, LLC, please contact Ask Muro at 877-827-6272 or by email at [email protected]
FOR VERSITY INVEST
Versity Invest, LLC, offers individual investors indirect ownership stakes in institutionally quality, professionally managed real estate. The company focuses on what we believe to be well-positioned, currently revenue-generating properties, targeted development opportunities and potential value-added investments for its clients through strategies aimed at capital improvements, cost efficiency and revenue maximization. Versity specializes in the acquisition, financing, management and ownership of real estate investments in student housing, multifamily and specialized categories. Versity and its subsidiaries currently manage over $ 1.6 billion in real estate.
The entire loss of part or all of the invested principal. Past performance is not indicative of future results. Securities offered through Emerson Equity, LLC, a member of FINRA / SIPC. www.finra.org and www.sipc.org. Versity and Emerson Equity, LLC are not affiliated.
1031 Risk disclosure:
There is no guarantee that any strategy will be successful or achieve investment goals;
Property Loss Potential – All real estate investments have the potential to lose value over the life of the investment;
Change in tax status – The flow of income and the depreciation schedule for each investment property may affect the income group and / or tax status of the property owner. An unfavorable tax decision may cancel the deferral of capital gains and lead to immediate tax liabilities;
Foreclosure potential – All financed real estate investments have foreclosure potential;
Insolvency – Because 1031 exchanges are usually offered through private placement offers and are illiquid securities. There is no secondary market for these investments.
Reduction or elimination of monthly cash flow distributions – Like any investment in real estate, if a property unexpectedly loses tenants or suffers significant damage, there is the potential to stop the distribution of cash flows;
Impact of Fees / Costs – Transaction costs may affect investor returns and may exceed tax benefits
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SOURCE Versity Invest, LLC