Overview
Globalvestment Capital Partners is pleased to present Project Maplegold, a rare opportunity to acquire a geographically diversified portfolio of five purpose-built student housing communities strategically located adjacent to major public universities across Indiana, Washington, Missouri, and Wisconsin. *Properties can be purchased individually*
The portfolio consists of 1,543 beds (1,441 beds plus 102 apartment units and 2 retail spaces) serving more than 100,000 enrolled students across five established university markets. The assets maintain a weighted average occupancy of 92.7% with a pre-lease NOI of approximately $8.24M+, representing meaningful embedded growth.
Unlike many student housing portfolios that contain legacy assets built in the 1990s or early 2000s, Project Maplegold consists entirely of newer-vintage properties constructed between 2018 and 2023, offering modern amenity packages, competitive positioning, and limited near-term capital expenditure requirements.
Why Student Housing
Student housing continues to benefit from some of the strongest fundamentals in commercial real estate. National occupancy remains near historic highs while new supply has fallen significantly, creating a widening supply-demand imbalance. The sector's annual leasing cycle provides exceptional visibility into future revenues, and the individual-bed leasing model offers structural protection by limiting vacancy exposure to individual beds rather than entire units. The portfolio is further supported by growing university enrollments, increasing international student populations, and the recession-resistant nature of higher education demand.
Investment Highlights
INVESTMENT HIGHLIGHTS:
- 1,543 Beds Across Five Assets in Four States, providing you with superb diversification and mproved resilience throughout economic cycles
- 92.7% Current Portfolio Occupancy with $5.94M of T-12 NOI
- $8.24M 2026/2027 Academic School year NOI with 82.7% of the revenue already guaranteed through executed leases, giving you forward security
- Over 100,000 Students Across the Five Universities Served, providing large and diversified demand pools
- Purpose-Built Student Housing with Individual-Lease Structures, meaning vacancy risk is diversified across individual beds rather than entire apartments, making cash flow significantly more resilient
- Multiple Walk-to-Campus Locations, driving stronger occupancy, rental premiums and long-term asset desirability
- Exposure to One of the Strongest Performing Sectors in U.S. Commercial Real Estate, supported by durable demographic trends and resilient demand fundamentals
Property Overview
Annex of Pullman – Pullman, Washington
399 Beds | Washington State University | Year Built - 2023
Located adjacent to Washington State University, which serves approximately 25,000+ students, the property is one of the premier off-campus housing communities in the market.
Highlights include:
• 95.7% occupancy • 91.2% pre-leased • 2026/2027 academic year NOI will be $2.385M+, a 61.2% increase over the T12 NOI (And increasing as higher rents are being achieved)
Annex of Terre Haute – Terre Haute, Indiana
408 Beds | Indiana State University | Year Built - 2018
The portfolio's largest student housing community, offering 408 beds adjacent to Indiana State University and benefiting from strong enrollment momentum, significant operating scale, and meaningful NOI growth.
Highlights include:
• 88.4% occupancy • 74% pre-leased • 2026/2027 academic year NOI will be $2.085M+, a 38.1% increase over the T12 NOI (And increasing as higher rents are being achieved)
Annex of Bloomington – Bloomington, Indiana
102 Apartment Units + 2 Retail Spaces | Indiana University | Year Built - 2023
A unique workforce and student-oriented housing asset located within one of the strongest university markets in the United States.
Highlights include:
• 97.9% occupancy • 93.0% pre-leased • 2026/2027 academic year NOI will be $2.385M+, a 61.2% increase over the T12 NOI (And increasing as higher rents are being achieved) • Retail income, CAM recoveries, and diversified revenue streams • Anchored by Indiana University's record enrollment of 48,626 students
Annex of Warrensburg – Warrensburg, Missouri
324 Beds | University of Central Missouri | Year Built - 2018
A purpose-built student housing community serving a growing university that recently reported increasing enrollment and international student growth.
Highlights include:
• 91.6% occupancy • 75.9% pre-leased • 2026/2027 academic year NOI will be $1.118M+, a 31.8% increase over the T12 NOI (And increasing as higher rents are being achieved)I
Annex of Oshkosh – Oshkosh, Wisconsin
310 Beds | University of Wisconsin–Oshkosh | Year Built - 2018
A modern 2018-built student housing community located just 0.2 miles from campus and within a five-minute walk of the university. The property benefits from limited on-campus housing supply and strong student demand.
Highlights include:
• 94.2% occupancy • 87.1% pre-leased • 2026/2027 academic year NOI will be $1.613M+, a 31.2% increase over the T12 NOI (And increasing as higher rents are being achieved)
