Nelson Brothers Real Estate Acquires Newly Built Student Housing Properties near Ole Miss for $25.7M
Company adds to its growing portfolio of properties near the
historic and largest university in Mississippi
ALISO VIEJO, Calif. & OXFORD, Miss.–(BUSINESS WIRE)–Southern California-based Nelson Brothers Professional Real Estate
recently closed on the purchase of Molly Barr Trails and Molly Barr
Ridge, two adjacent student housing properties near the University of
Mississippi. The properties were recently built (2012 and 2015
respectively) and fully amenitized. At the time of purchase, both
properties were at 100% occupancy with 12-month leases. The offering was
offered as a DST (Delaware Statutory Trust) structure and eligible for
1031 investors.
Combined, the two properties have 125 units and 303 beds with 152,800
square feet. Each unit features a bathroom and bedroom for each student,
nine-foot ceilings, washers and dryers, modern appliances and furnished
common areas. Additional amenities include a pool, lounge, fitness
center and surface parking with spots for each student. The properties
are among some of the closest to Ole Miss and also near a hiking and
biking trail.
“We’re really pleased with the strong performance of this property and
considering that it’s a relatively new acquisition, this has already
become a showcase in our portfolio,” stated co-owner and Chief Marketing
Officer Brian Nelson. “We have found that Ole Miss has been a great draw
for us based on the growing enrollment and with our first acquisition of
Taylor Bend. “We believe that the university will continue a slow but
steady growth and with limited new projects in the works, occupancy
rates will tighten as demand continues to grow.”
Molly Barr was offered as a DST (Delaware Statutory Trust) structure and
eligible for 1031 investors. The initial total offering price to
investors for the two properties was $25,777,637 of which approximately
$11.2 million came from investor equity. This was Nelson Brothers’ 27th
equity raise since their founding in 2007. To date, the firm has raised
over $175MM from over 900 investors through the registered investment
advisor and broker dealer marketplace.
For more information about Nelson Brothers Professional Real Estate,
please contact Brian Nelson, Principal and Co-Founder, at Brian@Nelson-Brothers.com.
About Nelson Brothers
Nelson Brothers Professional Real Estate, LLC, offers individual
investor direct ownership interests in institutional quality,
professionally managed real estate. The company, founded by brothers
Patrick and Brian Nelson, focuses on targeted growth opportunities and
value-added investments for its clients through capital improvements,
cost efficiency, and revenue maximization. Its entities include Nelson
Brothers Professional Real Estate LLC, Nelson
Brothers Property Management Inc, and Nelson
Brothers Construction Management LLC. Nelson Brothers Professional
Real Estate specializes in the acquisition, financing, and ownership of
real estate investments in the niche areas of student housing and
assisted living investments. Nelson Brothers currently manages over $450
million in multi-family housing real estate.
All investment involves risk of loss of some or all principal invested.
Past performance is not indicative of future results. There is no
guarantee that any investment model will perform as targeted. Securities
offered through Emerson Equity, LLC, Member FINRA/SIPC. Nelson Brothers
and Emerson Equity LLC are not affiliated.
Contacts
Nelson Brothers Professional Real Estate
Brian Nelson, Principal
and Co-Founder
949-916-7300, ext 202
Brian@Nelson-Brothers.com
www.Nelson-Brothers.com
