US - Jacksonville, FL
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire Squire Hill Apartments (the “Property”) a highly amenitized, 99.2% occupied asset with 189 units and 504 beds at James Madison University in the picturesque college town of Harrisonburg, Virginia. Well-located approximately 0.8 miles from campus, Squire Hill is steps away from a JMU bus line providing residents with access to campus and downtown Harrisonburg within 10-minutes time. The opportunity offers investors significant value-add upside as current rents are $230+ per bed behind the competitive set. Additionally, there is attractive assumable Fannie Mae financing.