Haverkamp Group, Inc

Stadium View Suites

Ames, IA 

Class A, 518-bed student housing development located near the heart of Iowa State University Athletics.

Image of Stadium View Suites

Property Description:

Status: Sold
Type: Student Housing
Location: Ames, IA
Class Type: Class A
Years Built: 2016-2017
Beds: 518


Investment Highlights

Original Investment Date: October 2015
Realized Multiple on Invested Capital: 2.13x
Realized Investor IRR: 46%




Investment Background

Stadium View Suites is a luxury student housing development with 518 beds on the southeast side of Iowa State University, centrally located less than a 10-minute commute to ISU Athletic Facilities, retail, and restaurants. 


The total development was completed in two phases, with the 2nd phase completed in July 2017. Occupancy rates of 98%+ were achieved in 2016-2017 and pre-leasing for the 2017-2018 academic year also exceeded 98%. 


The asset was sold in December 2017 realizing investor MOIC of 2.13x and IRR of 46%.




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