Portfolio

The Hudson and Berkeley House - Texas A&M

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area
Number of units 254

Portfolio description

Jones Lang LaSalle, L.P. and JLL Real Estate Limited proudly present The Hudson and Berkeley House. The Portfolio consists of 733 beds / 254 units located at Texas A&M University. Texas A&M is a nationally recognized Power-5 University in College Station, Texas that has invested hundreds of millions of dollars back into the university over the last decade. The university experienced back-to-back years of record enrollment growth, with a Fall 2021 enrollment of 73,284 students. The Portfolio allows investors the ability to acquire scale at a Tier-One university located in Texas, where population and enrollment growth are at an all-time high. As made apparent by their Fall 2022 pre-leasing rent growth, the Portfolio offers best-in-the-market finishes, amenities, and location and will continue to be the most sought-after assets in the A&M market. The Hudson and Berkeley House are currently 65% and 48% pre-leased for Fall 2022 and have achieved an average of 8% rent growth. This is roughly 20% ahead of where they were this time last year. Finally, rents at The Hudson are $98 per bed behind the comp set and Berkeley House’s rents are $40 behind allowing a new investor the opportunity to significantly increase the top line.

Investment highlights

  • The Hudson and Berkeley House are currently 65% and 48% pre-leased for Fall 2022 and have achieved an average of 8% rent growth. This is roughly 20% ahead of where they were this time last year​​​​​​​
  • Opportunity to bridge the significant gap between the subject’s in-place rents and the competitive set, which would result in an additional $460,000 in annual revenue for the portfolio
  • Best in market location and amenities including sky-lounge with view of Kyle Field, putting green & state-of-the-art fitness studio with cycle and yoga studio
  • Offered at a significant discount to replacement costs


There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

List View
Map View
The Hudson and Berkeley House - Texas A&M (2 Properties)
The Hudson
College Station, United States
Berkeley House
College Station, United States
Expand Map Collapse Map
Last Updated Date: 06 Jan 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.