Overview
Phase II The Reserve, the highly successful premier Luxury Condo Townhouse development in Oxford, Mississippi! Close proximity to The University of Mississippi (Ole Miss) and the Historical Courthouse Square. 100% of the 52 units released for May/June 2025 completion were sold out in 24 hours without hitting MLS. We secured the opportunity to purchase 12 townhouses/36 doors to lease starting August 1, 2025. 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. 100% Leased through July 2026 Acquiring property directly from developer. Located in Oxford Farms, a popular master planned mixed-use community off South Lamar. Generous preferred returns and equity split Long-term debt secured with local bank, fixed rate for term, 20-year amortization, 68-70% loan to cost, ability to refinance as interest rates drop. General partner/sponsor personally guarantees 100% of the bank debt. Vertically integrated property management company, Collegiate Management Oxford Acquisition cost of ~$241 per sq foot. Cost segregation analysis to be performed upon completion to maximize tax benefits for Class A limited partners in year one. Vertically integrated highly regarded local property management and leasing. Phase I had ~$40,000 equity per units at closing. Similar appreciation would result in ~$500,000 built in equity at closing.
Accepted Investors
Accredited
Family Office
Institutional
Raise Close Date
4/25/2025
Regulation Type
506C
Deal Type
Syndication
Asset Location(s)
Mississippi
Asset Class(es)
Student Housing