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Reserve on West 31st, a 192-unit / 720-bed student housing community at The University of Kansas in Lawrence, KS. |
The seller and the price were not closed. The Tailwind Group acquired the
asset.
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| Teddy Leatherman |
Originally built in 1999, residents enjoy access to a wide range of
amenities, including on-site maintenance, a computer lab, study lounge,
resident clubhouse, dog park, 24-hour fitness center, resort-style pool and hot
tub with grilling area, outdoor basketball court, sand volleyball court and
complimentary WiFi in common areas.
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| Scott Clifton |
Additionally, the current ownership has recently undertaken significant
upgrades to enhance the units and common areas, such as renovations to add
granite countertops and backsplashes, new wood kitchen cabinetry, modernized
furniture, luxury vinyl flooring and upgraded interior lighting.
Located at 2511 W. 31st in Lawrence, Kansas, Reserve on West 31st is
situated steps away from the Lawrence Transit / KU Bus Line, offering residents
convenient access to both the campus and downtown Lawrence, all within a
10-minute commute.
The 5th largest town in Kansas, Lawrence is a quintessential college town, home to the University of Kansas and approximately 120,771 residents.
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| Kevin Kazlow |
"We are delighted to have facilitated the successful sale of Reserve
on 31st at the University of Kansas," said Leatherman. "This
transaction reflects the strong demand for value-add opportunities in growth
markets."
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