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