Rivers Walk
Rivers Walk is a 2021-built, 382-bed student housing property located in Boone, NC, serving Appalachian State University.
Projected IRR
16.5%
Projected Cash-on-Cash
6.2%
Acquisition Date
Mar 1, 2022
Location
Rivers Walk is just an 800 foot walk to the Appalachian State main campus, as well as many student focused bars, restaurants, retail, and area attractions in the downtown urban center of Boone.
Background
A few months after the partnership with Nitya was formed to acquire Peak of Boone, another new delivery student living deal hit the market, Rivers Walk. Partnering with a larger operator, we completed the acquisition in March 2022.
Business Plan
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