406 Sanford Street, Radford, VA, 24141, US

Copper Beech Townhomes

資產詳情

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Copper Beech Radford (“CB Radford” or the “Property”), a 222-unit, 501-bed student housing community in Radford, VA. The Property offers a variety of floorplans ranging from 1- to 4-bedroom homes, in Garden, Condo, Chateau, and Townhome styles. As of August 14, 2024, the Property is 92% preleased, 6% ahead of occupancy levels for the 23/24 Academic Year (“AY”).

The Property serves Radford University (the “University”) whose student body population is over 7,500 students. Radford University is on track for an increase in enrollment in the 24/25 AY. The University’s commitment to affordability, exemplified by the introduction of the Radford Tuition Promise, has resonated with a wide range of individuals and families, attracting more students from various backgrounds and age groups. The strong performance, including a 27% increase in new freshman deposits, a 52% increase in new transfer deposits, and a 15% increase in graduate student applications, demonstrates the University’s commitment to future success.

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特性

單位數量

222

床

501

落成年份

2005

媒體

投資亮點

RECORD-SETTING PRELEASING PERFORMANCE

With 92% preleasing as of August 14, 2024, Copper Beech Radford has surpassed the occupancy levels achieved in the 23/24 AY by 6%. As the only true student housing property in the market, CB Radford is perfectly positioned to capitalize on the continuous demand generated by the University.

FLOORPLAN OPTIONALITY

CB Radford offers various layouts including Garden, Townhome, Duplex, Condo, and Chateau, ranging from 1- to 4-bedroom floorplan. The wide range of unit types captures a wide range of student demand.

RADFORD TUITION PROMISE TO GROW ENROLLMENT

Radford University introduces the Radford Tuition Promise, offering free tuition to Virginia residents with an adjusted gross income of $100,000 or less. This initiative removes financial barriers and expands access to affordable education at highquality institutions. The program aims to accelerate career pathways for students while positioning Radford University as an attractive destination for prospective students.

STRONG INDICATORS OF 24/25 ENROLLMENT GROWTH

Radford University anticipates strong enrollment growth for the 24/25 AY, supported by increased deposits from new freshmen, transfer students, and graduate applicants. Notably, there has been a surge in deposits from military-affiliated students and individuals aged 25 and older, reflecting the University’s appeal to diverse demographics. Radford’s commitment to affordability, exemplified by the Radford Tuition Promise and merit-based scholarships, has contributed to its success in attracting a wide range of students from different backgrounds.

VA LICENSEES:

Robert Jenkins

#VA-0225240893

robert.jenkins@jll.com

Bret Thompson

#VA-0225212349

bret.thompson@jll.com