This offering represents the opportunity to acquire a student housing community in Portland, Oregon, pedestrian to Portland State University. MW8 is a 54-unit, 143-bed community with a mix of studio, one-, two-, three-, and four-bed units built in 2014.
MW8 sits less than 30 steps away from Portland State University’s campus. Students are drawn to PSU for its programs in urban and public affairs as well as post-graduation opportunities in the Portland area. Portland’s economy is booming with companies like Amazon and Intel fueling a dynamic job market. Long-term forecasts predict a population of 2.5 million by 2060 in the greater metro area.
An incoming investor has the opportunity to add value by improving operational efficiencies at MW8. This includes but is not limited to increasing the length of short-term leases and further occupying the property. MW8 offers amenities to its residents including an outdoor lounge, arcade room, communal study spaces, bike storage, and easy access to public transport.
This offering represents 100 percent fee-simple interest in MW8, free and clear of any debt.