Orchard Corners

1400 & 1405 Apple Lane, Lawrence, KS 66049

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Quick Facts

139

Units

264

Beds

1987 & 1984

Year Built

0.2 Miles

Distance
to Campus

University of Kansas

University Served

Executive Summary

Orchard Corners represent a compelling value-add and covered-land investment opportunity in a highly constrained University of Kansas student housing market. Achieving over 94% preleasing by the end of March and benefiting from record-breaking KU enrollment and 96% market occupancy, the assets demonstrate durable demand and clear capacity for rent growth while sustaining strong occupancy. Located just 0.2 miles from campus along the KU on Wheels bus route and adjacent to abundant student-oriented amenities, the properties are well-positioned for continued performance. New ownership can unlock additional upside through moderate interior renovations and strategic rent repositioning, as current rents trail comparable properties despite rapid preleasing, no concessions, and favorable market fundamentals. 

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Amenities 

Property Amenities:

  • Fully Furnished
  • Spacious Layout
  • Natural Lighting
  • Designer Furniture Package Included
  • Mini Blinds
  • Balconies or Patios
  • 5 Floor Plans Available
  • Open Floor Plans
  • Updated Kitchens

Community Amenities::

  • Great Location 
  • KU Bus Route 
  • Online Payment Available 
  • Professionally Managed 
  • Friendly Staff 
  • Swimming Pool 
  • Fitness Center 
  • 24/7 Laundry Facility 
  • Outdoor Lounge 
  • Pet Friendly 

Investment Highlights:  

Over 94% Preleased by End of March  

Orchard Corners achieved over 94% preleasing by the end of March, underscoring a strong leasing platform, deep demand, and clear capacity to push rents while sustaining occupancy. 

Record-Breaking Enrollment  

The University of Kansas is experiencing a continuous increase in enrollment across all metrics. Since 2022, the university has set new records for first-year student enrollment, reaching the highest overall enrollment in its 160-year history with a total of 27,212 students in 2025. KU’s ability to attract a significant number of out-of-state students supports its long-term growth projections.  

Value-Add Potential  

New owners have the potential to enhance the value of Orchard Corners significantly by undertaking moderate interior renovations. By adjusting the rent to match the two-, three-, and four-bedroom rent comp averages, they could achieve an overall average of $645/bed.  

Rent Growth  

The renovated and well-kept studio units at Orchard Corners Studios are priced $240 less than the high water mark of the rent comparables for studios. With no concessions and rapid preleasing in 2026, there is considerable potential for rent increases. 

Connected to Campus  

Located only 0.2 miles from campus, this site is conveniently positioned on the KU on Wheels bus route, providing direct access to both the campus and downtown Lawrence. It is adjacent to numerous student amenities, including restaurants, retail shops, health and fitness centers, and banking services.  

Excellent Market Fundamentals  

With only one student housing project with limited beds under construction, there is strong demand to accommodate the increasing student population at the University of Kansas. Market occupancy at KU has consistently been high, currently standing at 96%.  

Location

Contact Us

Kansas City Office
4800 Main St
#501
Kansas City, MO 64112

Detroit Office
260 East Brown Street
Suite 150
Birmingham, MI 48009

Tampa Office
4890 W. Kennedy Boulevard
Suite 940
Tampa, FL 33609

Chicago Office
125 South Wacker Drive
Suite 400
Chicago, IL 60606

Atlanta Office
Three Alliance Center
3550 Lenox Road
Suite 2600
Atlanta, GA 30326

Investment Sales

Kevin Larimer
Senior Managing Director
248.341.3305
[email protected]
MI DRE 6501259415

Travis Prince
Senior Managing Director
813.739.0993
[email protected]
FL DRE BK3113158

Shawn Lubic
Director
215.882.3453
[email protected]
PA DRE RS291713

Victoria Marks
Director
678.388.2511
[email protected]
FL DRE SL 3237085

Michael Spero
Senior Director
913.980.8698
[email protected]
KS DRE 237575

Niko Vrentas
Director
913.991.0707
[email protected]
KS DRE 00248813

Mortgage Banking

Aaron Moll
Managing Director
248.208.0529
[email protected]

Steve Skok
Managing Director
312.845.5164
[email protected]

Peter Benedetto
Senior Managing Director
248.208.3462
[email protected]

Trevor Friday
Director
248.224.4660
[email protected]

Ken Aston, Broker
KS DRE #CO00002123

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Orchard Corners

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