The Province at Kent – Kent State Univ.

Start Date
July 2011
Completed
August 2012
Total Cost
$33,250,000
Pro-forma NOI
$2,800,000
1st year NOI
$2,934,000 (projection at sale)
Cash on cash
8.42% budgeted / 8.85% actual
Perm Loan
N/A
Sale Price
$45,000,000 (Transfer of partnership interests.)
Buyer / Date:
Education Realty Trust / December 2012
Project IR
145% (estimated)
and categorized as Uncategorized