The ICON Qualified Opportunity Zone investment offering is a 274-bed student housing development project just two blocks from the University of Illinois. This ground-up construction project will be the developer's most full-featured student housing community yet. They have tailored ICON to have unique unit types with bed-bath parity and a full amenity package including fitness center, tenant lounge, business center, study area, and outdoor amenity deck. Using the vertically integrated construction team to keep costs down, ICON will feature an excellent location and competitive amenity set while offering the lowest average rents per bed of any current existing properties, the perfect balance between location, quality, and cost. With the University of Illinois setting yet another enrollment record in 2019 with a total student body of 51,196, the demand for walkable student housing remains strong in Champaign.
Fund Size ($)$8,075,000
Minimum Investment ($)$50,000
Date AddedApr 9, 2020 (1 year ago)
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