Campus Court

1801 Irish Way | SOUTH BEND, IN 46637

221

No. of Beds

98

No. of Units

1974

Year Built

XXXX

No. of Beds

XXXX

No. of Units

XXXX

Year Built

XXXX

Proximity to Campus

The Opportunity

Healthy Rent Growth Potential

Current rents are the lowest in the market by a wide margin. Campus Court is the only low-cost provider of student housing, pedestrian to campus as Campus View will be torn down and redeveloped. ​ There is room to purchase the asset at a very attractive price per unit that should allow for dramatic value appreciation for a new owner.

Significant Value Add Opportunity

Approximately 71% of the units have received some modest upgrades and a new owner has the ability to expand upon this program which would result in substantial returns on invested capital. ​ Campus Court is the low rent provider in the market and the only affordable option available to the student population pedestrian to campus. ​ There exists the opportunity to upgrade the quality of the units while still providing a rent option well below the market average.

Considerable Housing Needs

University of Notre Dame has 6,857 on-campus beds and houses all freshmen, sophomores, and juniors. This leaves approximately 5,952 seniors, graduate and professional studies students requiring off-campus housing. ​ There is additional market demand from faculty and staff as well as students and staff from St. Mary’s College and Holy Cross College. ​

The University of Notre Dame

The asset is pedestrian to The University of Notre Dame, one of the most recognized universities in world and enjoys an endowment of $12 billion. ​ With 21,250 applications for Fall 2020, the University’s freshman enrollment was 2,193 with total enrollment of 12,809 students. ​ The enrollment growth has continued for 12 consecutive years with the highest retention rate in the country.

Demand Beyond Supply

At the end of the 21/22 academic year 330 affordable beds will be removed from the market to be redeveloped. While Notre Dame certainly has an affluent population, there are undoubtedly more than 221 students and/or staff that demand an affordable rent option within walking distance to campus. A new owner will have the benefit of zero competition among the cost-conscious at Notre Dame.

The Asset

CAMPUS COURT AMENITIES

Convenient Washer and Dryer In Unit*
Fully Equipped Kitchen
Wood Style Flooring*
Large Private Balconies or Patios
Wireless High-Speed Internet and Cable
Fully Furnished*

​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ *select units

The Location

The University oF NOTRE DAME

Founded in 1842, the University of Notre Dame is a four-year, private Catholic research university adjacent to South Bend, Indiana. As one of the nation's leading undergraduate teaching institutions, Notre Dame is at the forefront of research and academics. Boasting a unique spirit dedicated to enriching the lives of its students, the university is home to a student body of 12,809 and is supported by more than 6,370 faculty and staff members.

Notre Dame has more than 120,000 alumni in positions of leadership all over the world. From entertainment personalities and politicians to astronauts and business moguls, the university features an alumni base with some of the brightest minds in their industry. Today, alumni and students alike continue achieving breakthroughs in astrophysics, environmental sciences, robotics, and more.

In the fall of 2020, the University of Notre Dame welcomed 12,809 students, equating to a 1.0% increase from one year prior and marking the twelfth consecutive year of enrollment growth. Of the total student body at the start of the 2020 academic year, 8,874 were undergraduate students and 3,935 students were seeking graduate and professional degrees. Approximately 21,250 people applied for the incoming freshman class, of which 4,035 were admitted, contributing to the 2,193 students enrolled in the 2020 incoming freshman class. Notre Dame's academic integrity remains one of the highest in the country, boasting a one-year retention rate of 97.0%. Additionally, 97.0% of first-year students graduate within six years.

University of Notre Dame has 6,857 on-campus beds and houses all freshmen, sophomores and juniors. ​ This leaves approximately 47% of the student body requiring off-campus housing. ​ In addition to Notre Dame, the property also draws residents from St. Mary’s College and Holy Cross College. ​ Combined enrollment for the three colleges is 14,909 students. ​

Berkadia Student Housing

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