The Reserve at Saluki Pointe is a 228-unit, 768-bed student housing community built in 2008. It has a mix of two-, three-, and four-bed units and bed-bath parity. This offering represents the opportunity to acquire a student housing community located in Carbondale, Illinois, adjacent to Southern Illinois University.
With 11,790 students, Southern Illinois University saw its highest enrollment increase in 33 years for the fall semester of 2024. SIU exceeded its enrollment goal for 2024 and is on track to enroll 15,000 students by 2030.
The Reserve at Saluki Pointe is one of the most amenitized properties in the Carbondale market. Its amenities include a pool, fitness center, rental store, sand volleyball court, basketball court, grilling station, picnic area, movie theater, game room, study lounge, business center, pet park, and a shuttle bus stop.
This offering represents 100% fee simple interest in the Reserve at Saluki Pointe, free and clear of any debt.