University of Nevada, Reno Student Housing

"A $92.8 million student housing development positioned to capitalize on severe housing shortage at University of Nevada, Reno, one of the fastest-growing universities in the Mountain West."

UP Campus is developing a 465-bed, 220-unit student housing project at 401 Highland Ave, strategically located just one block from UNR's newly constructed Pennington Engineering Building. The project is situated in a qualified Opportunity Zone, offering investors significant tax advantages including potential 100% tax-free appreciation after a 10-year hold period.

With UNR's current enrollment of 24,061 students and only 5,256 total student beds available (23% bed-to-enrollment ratio), the project addresses a critical housing shortage. The university's ambitious growth plan targets 25,000 enrollment by 2030, supported by Nevada's position as the sixth fastest-growing state nationwide with 1.7% population growth. With the recent release of enrollment data, full time enrollment grew by 3,339 students since Fall of 2021, or 16%, reflecting strong demand in a supply-constrained market.

This development represents a compelling opportunity to invest in a high-demand market with strong fundamentals, regulatory advantages through grandfathered zoning, and powerful Opportunity Zone tax incentives.