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5086 Station RdErie, PA 16510
University Gate
Asset ClassStudent Housing
# Beds485
# Units: 132Occupancy: 87.84%AVG SF: 1,126Access Data Room
132-Unit, 485-Bed Student Housing Community | Steps from Penn State - Behrend
overview of deal


University Gate Apartments is a purpose-built student housing community serving Pennsylvania State - Behrend in Erie County, Pennsylvania. Built in 2006 and later expanded in 2008, University Gate is comprised of nine buildings, 132 units, and 485 beds in two-, three- and four-bedroom floorplan configurations. Each unit comes fully furnished including spacious bedrooms, a kitchen island with chairs, and high-speed internet. The community amenities include a clubhouse, 24-hour fitness center, 24-hour community lounge with pool tables and table tennis and a campus shuttle. The student experience provided by the amenity set is complimented with a location directly adjacent to Penn State Behrend offering residents the most walkable location to classes and student centers.



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Investment Highlights

# Beds
# Buildings
# Units
12.69 Acres
  • Set to achieve a 3.65% increase in avg. market rents YoY
  • 75.88% preleased for AY 24/25 as of 6/7/24
  • Erie market is home to Penn State - Behrend, Gannon University, and Mercyhurst University
  • The entire market's competitive set achieved over 95% occupancy
  • One of the closest off-campus student housing communities at Penn State - Behrend
  • The most diverse unit mix in the market
5086 Station RdErie, PA 16510
Penn State Behrend
Gannon University
Mercyhurst University
Presque Isle State Park

Sales Team

Nicholas CoccodrilliSenior Investment Analysis Director | Florida Sales Associate(813)
Bryan McCannSenior Vice President(412)
Willis CrokerVice President(412)
Greg YoungSenior Vice President(346)
David CortezVP, Transaction(346)
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Listing provided by Revere CRE