195 E. McMillan St. Cincinnati, Ohio 45219 Phone: 513-259-2180 Email: cpcincyinfo@booknladder CP Cincy is located just half a mile from the University of Cincinnati and has five levels with 440 beds and 121 units. About 40% of the beds are master and master`s rental apartments of the university for its off-campus students. Located just half a mile from the University of Cincinnati, CP Cincy has five levels with 440 beds and 121 units. About 40% of the beds are master and master`s rental apartments of the university for its off-campus students. The property has a long list of luxurious communal facilities and apartment features at an affordable price for students. The price of the property is competitive with an average rent/bed requested at $653, the lowest among the other four student residences built for this purpose. Listings are expected to remain strong and the risk of a new offering affecting the market appears relatively low over the next five years. Rent price growth and high occupancy rates are expected over a five-year period. CP Cincy is the best place for students from the University of Cincinnati and Xavier University.
CP Cincy is conveniently located near the University of Cincinnati and close to many social centers where you can spend your weekends and downtime. While the market expects a new offering – for both engaged and competitive students – NB. believes that demand growth will continue to outpace supply. As new developments are expected to be built at a significantly high cost, we expect new entrants to come at a full cost; help drive up rents for the entire market. We expect many new projects to be developed near the expensive central business district – about 2.5 miles from campus. Due to strong supply and demand characteristics, occupancy and rent growth in private student housing is expected to remain strong from 2017 to 2022, although 4,000 new beds are expected to be delivered. However, most of the planned beds are competitive for students and are located in Cincinnati`s Central Business District, with an average distance of more than two miles from campus. Mon – Fri: 9:00 a.m. .m to 6:00 p.m..m Sat: 10:00.m a.m. to 4:00 p.m.m Sun: Closed NB believes CP Cincy is a potentially strong core asset in a market with barriers to a new additional offering that could otherwise temporarily disrupt the income rate. Instead, it is ready to have a high occupancy rate and increase rental prices over the next five years with a steady annual growth of 2-3%.
The percentage of total housing options for enrollment is 51%, with university-owned apartments providing only 14% of enrollment with beds. Due to these conditions, the use of the market remains very strong. The current total occupancy rate of purpose-built student residences is 100% and student competitiveness is 95.8%. Nelson Brothers believes CP Cincy is well positioned with an excellent location in a tight market. A major advantage of building housing for universities in large cities is the inherent lack of parallel or alternative markets. NB believes that most students prefer to live near campus and close to other students. In a market where designated student housing is underserved, students may have other alternatives, but they tend to be expensive and less attractive. Follow CP Cincy on social media to stay in touch and participate in upcoming contests and giveaways. Want to see what CP Cincy has to offer? Explore the student housing community by planning a visit or taking a virtual tour. Apply today to reserve your spot.
Limited places available. All floor plans are eligible. Take a look at our floor plans to better understand the different options we have here at CP Cincy. Once you know the style you like, apply to get started! Settle here at CP Cincy in a home you`ll love. Convenience and comfort are part of the customer experience, so don`t wait. Founded in 2007, Nelson Brothers specializes in what the company believes to be well-positioned student residences. Nelson Brothers, headquartered in Orange County, California, manages more than $500 million worth of real estate with more than 100 employees. The property has a long list of luxurious communal facilities and apartment features at an affordable price for students.
The property is competitively priced with an average rent/bed charged at $653, the lowest of the other four purpose-built student residences to find the perfect home for you here in CP Cincy. Explore our two-, three- and four-bedroom floor plan options to find the one where you can see yourself. Nelson Brothers prefers to focus on markets where the growth of college enrollment and collective occupation has always been strong, especially in large cities like Cincinnati, where there are typically high physical and commercial barriers to entry into established and infiltrated locations. Since 2009, the University of Cincinnati has experienced an average annual enrollment growth of 2.7%, adding more than 7,000 new students. From social events to sporting events to virtual competitions, we know how to have fun. This is just one of the many reasons why our customers like to call CP Cincy at home. .