JVEP Student Housing, LLC provided 75% of the equity for the development of an 18 unit/78 bed student housing property located 0.02 miles from the University of Texas in Austin, Texas. The property was completed in 2021 in time for lease-up for the 2021/2022 school year. The property was sold in November 2022 and the proceeds from the sale exceeded proforma expectations.
Investment Date: 4/15/2022
Hold Period: 31 months
Investor Return: 25% IRR/1.8x’s multiple
*Past performance is not a guarantee of future results