Oxford Reserve Properties GP LLC

CLOSED! Oxford Reserve Properties is a NEW CONSTRUCTION premier 18 door Luxury Condo Townhouse student housing project completed in July 2024 with close proximity to The University of Mississippi (Ole Miss) in Oxford, Mississippi. Oxford was named the 2024 "Best Small College Town" in America by USA Today. Why we love this investment: New construction with a prime location in Oxford, MS close to Ole Miss and The Square. Acquiring property directly from developer. Located in Oxford Farms, a popular master planned mixed-use community off South Lamar. 8% preferred return, with generous waterfall of 80% to Class A investors until 15% IRR, 70% from 15-20% IRR and 50% over 20% IRR. Pre-leasing interest is oversold, 100% occupancy anticipated. Finalizing leasing on all units in May 2024. Long-term debt secured with local bank, fixed rate for term, 20-year amortization, 65% loan to cost, ability to refinance as interest rates drop. General partner/sponsor personally guarantees 100% of the bank debt. Acquisition cost per square foot of ~$229. Cost segregation analysis to be performed upon completion to maximize tax benefits for Class A limited partners in year one. Vertically integrated local property management and leasing. Prices for like townhouses in The Reserve are now $35,000-$40,000 higher per unit than #1-6 contracted prices. (As of closing in July 2024) Unique details of this opportunity: Leases to be executed by students and guaranteed by parent. Ole Miss’s 2022 and 2023’s Freshman classes are the largest in university history. Demand for off-campus housing for 2024-2025 school year at an all-time high. The student retention rate at Ole Miss is ~89%. ESPN named Oxford the country’s best college town ahead of the 2021 NCAA football season Ole Miss's Campus Master Plan has student growth projected at over 30% by 2030. Oxford named Best Town in 3 categories by USA Today in 2024: Best Small College Town, Best Small Town Food Scene and Best Town Square Ole Miss ranked in the Top 20 on Forbes Best Value Colleges List No exterior maintenance obligations - condo Elevated living experience - 3 bedroom/3.5 bath with ensuite baths and up and downstairs living areas and wrought iron fenced in patio and yard open to wooded preserve. Investment through self-directed IRA's is available. ESG friendly - woman sponsor, general partner and manager Review Ole Miss's Campus Master Plan here: 2017-11-14-Campus-Master-Plan-Final-website-verison.pdf (olemiss.edu)