BlockOne (Iowa State)

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present the opportunity to acquire BlockOne (the "Property," "Properties," or "Portfolio") at Iowa State University ("ISU" or the "University"). The BlockOne offering is comprised of three adjacent buildings — 23 Twenty, The Edge, and University Towers— all located on the same block comprising 261 units and 793 beds adjacent to Iowa State University.

BlockOne has been 90%+ preleased since mid-November 2025 for the 2026-2027 Academic Year ("AY"), and preleasing velocity was 20%+ ahead year-over-year ("YoY"). Despite tracking to 6%+ rent growth for the 26/27 AY, the potential rent growth is still untapped as there are numerous floorplans that have between $100–$410/month differences between the first and final leases signed.

Iowa State competes in the Big 12, Power 4 conference, and enrollment expanded by 673 students YoY to a total of 31,105 students in Fall 2025. New first-year enrollment has increased for five consecutive years, and a recent focus on full-time enrollment has led to the highest percentage of full-time students in history.

BlockOne is the best located student housing option in the market and offers stable cashflow with additional upside opportunities for a new owner.

Marcus Pitts: IA B43999100