Premier Student Living with Growth Potential at UMass Flagship
408 Northampton Road, Amherst, MA 01002
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Investment Highlights
Purpose-built student housing at UMass Amherst offers stable demand, supported by 27,586 enrolled students and strong undergraduate numbers.
Aspen Heights Amherst has immediate upside with rents per bed $154 below market for three-bedrooms and $59 below for two-bedrooms.
Modern amenities and a prime location immediately south of campus and proximate to downtown, make Aspen Heights Amherst stand out from competitors.
The Amherst market features over 90% occupancy and average rents of $1,594 per bed, with minimal new supply set to deliver in 2026.
Significant NOI growth is possible by reducing current outsized expenses, representing a 54% expense-to-income ratio.
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Student Housing Investment Sales
Kevin Larimer
Senior Managing Director
[email protected]
248.341.3305
MI DRE 6501259415
Travis Prince
Senior Managing Director
[email protected]
813.739.0993
FL DRE BK3113158
Shawn Lubic
Director
[email protected]
215.882.3453
PA DRE RS291713
Victoria Marks
Director
[email protected]
678.388.2511
FL DRE SL 3237085
Christopher A Phaneuf
Senior Managing Director
617.648.4191
[email protected]
MA DRE 9032841
MORTGAGE BANKING
Aaron Moll
Managing Director
[email protected]
248.208.0529
Steve Skok
Managing Director
[email protected]
312.845.5164
Peter Benedetto
Senior Managing Director
[email protected]
248.208.3462
Trevor Friday
Director
[email protected]
248.341.3307
Berkadia Offices - Student Housing
Boston Office
125 High Street
Suite 1712
Boston, MA 02110
Detroit Office
260 East Brown Street
Suite 150
Birmingham, MI 48009
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4890 W. Kennedy Boulevard
Suite 940
Tampa, FL 33609
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125 South Wacker Drive
Suite 400
Chicago, IL 60606
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Three Alliance Center
3550 Lenox Road
Suite 2600
Atlanta, GA 30326
Philadelphia Office
Three Logan Square
1717 Arch Street
Suite 1410
Philadelphia PA 19103
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