Nelson Brothers Real Estate Acquires Student Housing Venture – Taylor Bend

Taylor Bend

Posted By: Pat Nelson / Jan 01 2015

Aliso Viejo, Calif. — Southern California-based Nelson Brothers Professional Real Estate, LLC has Taylor Bend, a new, 2012-built Class A boutique student housing community within close proximity to the prestigious “Ole Miss” campus. Nelson Brothers believes Taylor Bend is well positioned with excellent fundamentals in a market stabilized by Old Miss, a 166-year old institution with 18,423 students enrolled, anticipating 10% growth in enrollment by 2020.

The property is well located just ¾ of a mile south of Ole Miss, within walking and biking distance; and just a 4 minute drive to campus. In addition, the Ole Miss Campus Shuttle has a convenient stop directly in front of the leasing office.

Brian, co-founder of Nelson Brothers states, “We believe there is currently a limited supply of pipeline for new student housing in Oxford. Given the layout of the campus and its unique topography, it may be difficult for new entrants to build closer to campus – or to match Taylor Bend’s unique style and unit size. Nelson Brothers is hopeful these factors can help sustain the high occupancy at Taylor Bend, even if new housing comes on-line.”

Taylor Bend was purchased for $19,145,000 as a Delaware Statutory Trust (DST) structure.

Taylor Bend consists of 288 beds and 96 units. Each unit is 3 bedrooms, averages over 1,400 sq ft, and features a larger bed, a ceiling fan and each student has their own bathroom. The décor offers finer interior finish-outs, dark wood cabinetry, high ceilings, contemporary color schemes, chic furniture, granite countertops and stainless appliances.

Nelson Brothers’ goal is to keep the property well-occupied and profitable by leveraging the historical stability of the University and strengthening the property’s positioning. Nelson Brothers believes the property boasts a unique character – high-end features, large spaces, strategic location – that may be difficult to duplicate. This character may have tremendous appeal to ideal target markets such as affluent upperclassmen and graduate students.

Nelson Brothers Professional Real Estate was launched in 2007 offering individual investor direct ownership interests in institutional quality, professionally managed real estate. Nelson Brothers specializes in the acquisition, financing and ownership of real estate investments in the niche areas of student housing and assisted living investments. Nelson Brothers currently manages over $100 million in multi-family housing real estate