Sold June 2023
Legends Place is a 200-unit, 632-bed, purpose-built student housing community located 1.3 miles from the University of Kansas in Lawrence, Kansas. Property features include a clubhouse, resort-style pool, basketball court, 24-hr fitness center, 24-hr computer lab, stand-up tanning salon, cash wash, detail bay, outdoor grill, and detached garages carports, and 24-hr. shuttle to the University.
The University of Kansas is the largest in Kansas, with an enrollment of over 28,000. Growth trends and the school's 2014-2024 master plan both projects 12% enrollment growth over the next decade. There is currently no new student housing construction in the pipeline.
ApexOne Growth and Income Fund I purchased Legends Place and will hold long term for growth and appreciation.