Peak of Boone
Peak of Boone is a 2021-built, 186-bed student housing property located in Boone, NC, serving Appalachian State University.
Projected IRR
18.0%
Projected Cash-on-Cash
8.0%
Acquisition Date
Dec 1, 2021
Location
Peak of Boone is less than half a mile from Appalachian State's main campus in Boone, NC, and just a short distance to student centric bars, restaurants, and businesses in town.
Background
After operating in the Boone, NC market for several years as brokers and investors, Matheson Capital had the opportunity to invest in a newly built, institutional quality student living asset, Peak of Boone. Partnering with a larger operator, we completed the acquisition in December 2021.
Business Plan
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