Pembroke Pointe

Pembroke Pointe (the “Asset” or “Property” is a 186 unit, 426 bed student housing opportunity serving the University of North Carolina at Pembroke (“UNCP” or “UNC Pembroke”) student population. The Asset is well positioned in proximity to UNCP and can take advantage of improving operations as well as being one of only five off campus student housing assets in Pembroke.

The Asset is very well located being just a short walk to the nearby grocer as well as less than a 15 minute walk to campus. Restaurant destinations along W 3rd Street all stand within a 5 minute drive from Pembroke Pointe as well.

Ownership has also implemented strong renovations spending over $10k per door on interior renovations which has lead to stronger preleasing for the 25/26 academic year at 84%. The opportunity also allows for optionality to convert a portion or the entirety of the opportunity into a market rate deal, helping to increase occupancy and garner a lower cap rate on the exit.

Pembroke Pointe presents investors with a strong basis and improving operations while serving a university that has had steady growth and a very strong increase to freshman applications, boding well for the future of the school and Asset.