Liberty University currently serves a total of 130,500 online students with approximately 16,000 students attending classes on campus. This opportunity allows an experienced student housing operator to capture the demand for off campus student housing in the market and significantly grow rents once stabilized. 

Liberty University currently serves a total of 130,500 online students with approximately 16,000 students living on campus. The University boasts a record incoming class of 4,838 students in Fall 2026. Residential enrollment has grown approximately 6% since Fall 2021, while the university maintains an 80% full-time freshman retention rate, demonstrating its ability to attract and retain students at a consistently high level. Approximately 41% of students, or 6,500 students, live off campus, creating a substantial renter base for off-campus housing. 

The Oasis is one of three purpose-built student housing communities serving Liberty University. The property offers a diverse mix of floor plans and a comprehensive amenity package, including a resort-style pool, fitness center, clubhouse with study areas, and shuttle service to campus, creating a differentiated living experience for residents. With no known purpose-built student housing developments planned on or off campus, the property is well positioned to benefit from continued demand growth and limited competitive pressure. 

The Oasis offers several opportunities to expand ancillary revenue through programs commonly utilized across the student housing sector. Potential initiatives include renter’s insurance programs, credit reporting services, valet trash, amenity fees, pet fees, parking revenue, and premium pricing for select unit locations and floor levels. Combined with utility reimbursement opportunities, these initiatives provide multiple avenues for future NOI growth.