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Colliers International Student Housing | Interface Austin 2017
The Connection at AuburnCase Study
The Connection Portfolio
AL GA
KS MS
The Connection at Athens
The Connection at Oxford
The Connection at Lawrence
• 340 Units | 876 Beds• 2008 Year Built• University of Georgia• 3.2 miles from campus
• 312 Units | 900 Beds• 2009 Year Built• Auburn University• 2.5 miles from campus
• 300 Units | 816 Beds• 2008 Year Built• University of Mississippi• 1.2 miles from campus
• 324 Units | 888 Beds• 2010 Year Built• University of Kansas• 2.5 miles from campus
114 OM’s Downloaded 50+ High Level Discussions20+ Underwriting Discussions13 Original Offers6 Invited to Best and Final Round4 Best and Final Offers
Original Guidance
Final SalesPrice
$166,200,000
$168,750,000
Seller:Buyer: Crow Holdings
Diamond Realty Investments
5.31%
5.23%
Cap Rate on T12
Cap Rate on T12
6.29% Cap Rate on Proforma
6.20% Cap Rate on Proforma
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