APARTMENT Amenities
Three pools
Three fitness areas
15+ study rooms
Yoga room
Dog park
Garage parking
Pool table
Shuffleboard
Computers with free printing
Leap guarantor option
Community Amenities
PROPERTY INFORMATION
LOCATION
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3509 Elgin Street | Houston, TX 77004
2017 &
2020
BUILT
850
BEDS
344
UNITS
Opportunity
Property Info
Location
Photo Gallery
Contact
Doc Center
Privacy
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PHOTO GALLERY
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Brandon Buell
Senior Managing Director – Student Housing
346.444.8982 | brandon.buell@berkadia.com
Erin Wodehouse
Financial Analyst – Student Housing
248.341.3333 | erin.wodehouse@berkadia.com
Kevin Larimer
Senior Managing Director – Student Housing
248.341.3305 | kevin.larimer@berkadia.com
Jennifer Ayers
Transaction Manager – Student Housing
689.244.5554 | jennifer.ayers@berkadia.com
Genna Jago
Marketing Project Manager – Student Housing
248.341.3336 | genna.jago@berkadia.com
BERKADIA STUDENT HOUSING TEAM
CONTACT Info
Steve Skok
Managing Director
312.845.5164 | steve.skok@berkadia.com
Mortgage Bankers
Aaron Moll
Director
248.208.0529 | aaron.moll@berkadia.com
Peter Benedetto
Senior Managing Director
248.208.3462 | peter.benedetto@berkadia.com
28411 Northwestern Highway, STE 300
Southfield, MI 48034
Phone: 248.646.7701
Detroit Office
2229 San Felipe Street, Ste 1600
Houston, TX 77019
Phone: 713.974.1300
Houston Office
125 South Wacker Drive
Suite 400
Chicago, IL 60606
Phone: 312.845.8500
Chicago Office
Adjacent to Campus: The property is the most attractive student housing location in the market.
Minutes from Vibrant Downtown Houston: The property is within a 5-minute drive to the popular Eado District and East End.
Best-in-Class Amenities: The property boasts premium amenities that appeal to students, including multiple resort-style pools, collaborative study areas, and convenient retail.
Limited Market Vacancy and Significant Demand: The Icon & Lofts maintain consistently high occupancy rates at 99% to 100%, exceeding even the impressive 97.6% market occupancy for Houston.
Demonstrated Strong Enrollment Growth: The University of Houston has averaged 1.7% enrollment growth year over year for the past 10 years.
Power Five Conference Sports: The University of Houston is joining the Big 12 Conference in 2023, creating a competitive Power Five sports center within the 4th largest city in the country.
Big 12 Conference Revenue: Projected to increase by more than $50M annually, generating further opportunities for enrollment growth and campus development.
Impactful Campus Investment: The University of Houston invested $155M into state-of-the-art facilities.
THE OPPORTUNITY
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Refrigerator with freezer and icemaker
Stove/Oven/Microwave
Disposal
Dishwasher
Washer/Dryer
Sofa
Side table
Side chair
Coffee table (Select Units)
Mattress and bedframe
Desk and chair
Under-the-bed storage
Private bedrooms
Private bathrooms
TV included with every unit
Internet included
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In fall 2022, 46,700 students enrolled at the University of Houston. Of those who were enrolled at the start of the 2022 academic year, 37,282 were undergraduate students and 9,418 students were seeking graduate and professional degrees.
For the fall 2022 semester, 29,935 first-year, first-time students applied for the University of Houston, of which 19,916 individuals were admitted. At the start of the semester, 5,591 first-year, first-time students enrolled, a 2.2% increase from one year prior.
The appeal of the University of Houston extended beyond first-year, first-time students. For the fall 2022 semester, 4,387 international students were enrolled, a 21.2% increase from the year prior.
The University of Houston does not require first-year students to live on campus. On-campus housing can only accommodate 8,397 students leaving 82% (38,303) of students in need of off-campus housing.
University Overview
ICON AND LOFTS
Location
Property Info
Opportunity
DOC CENTER
Terms of Use
Privacy
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Contact
Chris curry
Senior Managing Director
713.469.4513 | chris.curry@berkadia.com
TODD MARIX
Senior Managing Director
713.826.5979 | todd.marix@berkadia.com
Tucker Knight
Senior Managing Director
713.469.4515 | tucker.knight@berkadia.com
Mark Crosswell
Director
713.469-4521 | mark.crosswell@berkadia.com
