Kingsbarn Completes Value-Add Program at the University of Oregon Student Housing Community
Ducks Village Gets Upgrades for all 650 Beds and the Common Areas; Boosts Occupancy to 96%
LAS VEGAS, June 24, 2024 (Newswire.com) - Kingsbarn Capital & Development (“Company” or “Kingsbarn”) announced it has completed the renovation of Ducks Village (the “Property”), a 650-bed student community serving the University of Oregon in Eugene. Located just northwest of downtown Eugene, Oregon, adjacent to the university, Ducks Village offers students a mix of one-, two-, three-, and four-bedroom, fully furnished suites.
The value-add program included interior renovations such as new stainless-steel appliances, granite countertops, new cabinets, new HVAC units, smart home features and Nest thermostats and new LED lighting. Additionally, Kingsbarn made many improvements to the common areas, including an upgraded clubhouse and fitness center, the addition of a dog park, new pool furniture, the addition of an outdoor kitchen, new signage, and upgraded internet throughout the Property.
Ducks Village was built in 1995, and Kingsbarn is pleased to have modernized the Property to improve students’ quality of life and make the Property more energy-efficient and environmentally friendly. “Making our properties more sustainable is an essential step in ensuring we're not only providing value to our tenants but also contributing positively to the environment,” stated Phil Mader, CIO of Kingsbarn. “Our goal is to create spaces that thrive economically and ecologically, embodying our responsibility to the next generation and the planet." Kingsbarn invested $7M into the renovation and upgrades. Ducks Village is now 96% occupied.
ABOUT KINGSBARN REALTY CAPITAL
Kingsbarn Realty Capital is a real estate-centric investment house that provides institutional and accredited investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange traded funds, traditional investment funds, private placements, and Delaware Statutory Trusts (DSTs). Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties as well as ground-up construction, value-added offerings, opportunity zone investments, and entitlement projects. Kingsbarn has over $2 billion of assets under management and has acquired over 280 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, industrial, retail, and hospitality. For further information, visit www.kingsbarn.com.
Source: Kingsbarn Realty Capital
