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Student Housing
The Hills Southview
Harrisonburg, VA
240 Units
Built in 1996
Value Add
Investment Highlights
- Pedestrian to James Madison University (JMU), The Hills Southview provides students with upgraded spaces and spacious, private four-bedroom apartments, with just a short walk or bus ride to campus.
- The Hills Southview captures demand from the 22,879 students attending James Madison University, where enrollment has grown 9.7 percent over the past decade.
- Upgraded amenities include a 24/7 fitness center, a new resort-style pool and pool deck, a newly renovated 3,000-sq. ft. clubhouse with a gaming lounge, study and social areas and outdoor lounges.
- The Hills Southview offers (131) classic and (109) newly renovated 1,351-square feet four-bedroom and four-bathroom apartments featuring private bedrooms and bathrooms, fully furnished living spaces, full-size kitchens, ample storage space, in-unit washer and dryer, and high-speed Wi-Fi.
- A future value-add opportunity remains for a new owner to continue upgrading the remaining 131 classic units (55 percent of total units) to premium levels, which are currently achieving a $70/bed premium over classic units.
Exclusively listed by
Broker of Record
Brian Hosey
Senior Managing Director / Market Leader
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