Current Offerings

 
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Villages at Wake Forest

Located across the street from Wake Forest University in Winston-Salem, NC, Villages at Wake Forest is a student housing community with 64 units and 251 beds. The units are predominately cottage-style 4br/4ba houses and a few older, single family homes that have been renovated to provide equal bed-bath parity. The project was developed over a span of 4 years starting in 2012 by two local investors who saw an opportunity to purchase old houses and vacant lots near Wake Forest University and build a luxury student housing product. 


The property’s detached “cottage style” homes are highly desirable by  students.  They are larger than dorms/traditional student housing; parking  is  abundant with 5 parking spots for every 4 beds, no common community  living, a private exterior deck, and some have garages and basements.


Villages was a well-maintained, strong performing asset. However, the property was run as a mom-and-pop operation prior to purchase. Our experienced team of operators institutionalized the operations and created value through implementing more efficient processes.

Investment Summary

 

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