University Edge _Property for Sale
University Edge _Property for Sale

University Edge

5694 Rhodes Road, Kent, OH, 44240, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present University Edge (the “Property”), a 201 unit / 608 bed student housing community located in Kent, OH. The Property serves Kent State University (“Kent State” or the “University”), the third largest university in Ohio. Kent State serves a student population of nearly 26,000 and has been recognized as one of the top academic universities in the state. The University employs over 10,000 employees and creates an economic impact of over $5 billion annually to Ohio, making it an integral part of the state’s university system.


University Edge is one of the newest assets in the Kent State student housing market and offers a premier location, adjacent to campus and close to local nightlife. The Property is 93% preleased for the 2026-2027 Academic Year (“AY”), 25% ahead of the prior year at this time.


This is a rare opportunity to acquire best-in-class student housing with immediate cash flow, substantial upside potential, and minimal competitive risk in a supply-constrained market serving one of Ohio’s top-tier universities.


Ohio Licensee: Jon Vanderplough - SAL.2005015674

...

Attributes

Number of units
201
Beds
608
Year built
2012

Media

Investment Highlights

  1. Top Location and Quality in Market
  2. Compelling Value: Priced at 200 bps Premium to Comparable Ohio State Assets
  3. Rent Upside Following 26/27 Reduction
  4. Under-Supplied Market With 0 Bed in Pipeline
  5. $1B In Campus Upgrades Underway
University Edge  4_Property for Sale
University Edge  4_Property for Sale

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Last updated
6 May 2026