ICON
ICON is the sole project in Campustown Opportunity Zone Fund II and the flagship student housing development in the joint venture between JDP and Green Street Realty. This 274-bed, 6-story project is just two blocks from campus and one block off of Green Street and features a mix of Studio, One, Two, Three, and Four Bedroom units, all with bed-bath parity. Featuring a full amenity package including fitness center, clubhouse with tenant lounge, business center, and second floor rooftop amenity deck, ICON is slated to open in August 2021. Read More
| Investment | Development |
| Asset Class | Student Housing |
| Status | Pre-Development |
| Market | University of Illinois |
| Construction | 2021 |
| Beds | 276 |
| Square Feet | 116,350 |
Solace of Goodyear
Solace of Goodyear is the first JDP project in Arizona and the second multi-family asset under the Solace brand. Located in the booming Phoenix suburb of Goodyear, Solace is ideally located off Estrella Parkway adjacent to the $108 million Goodyear Ballpark and baseball complex, spring training home to the Cleveland Indians and Cincinnati Reds. This Qualified Opportunity Zone project will be 214 units with construction expected to commence in late summer 2020 for an opening in 2021. Read More
| Investment | Development |
| Asset Class | Multi-Family |
| Status | Pre-Development |
| Market | Goodyear, AZ |
| Construction | 2020-21 |
| Units | 214 |
| Square Feet | 201,000 |
Lincoln Park Townhomes
Lincoln Park Townhomes is a 156-bed student housing asset located just two blocks from Illinois State University in Normal, IL. This all brick townhome property was running at just 72% occupancy when JDP acquired it in March 2019. While undergoing a complete gut renovation of all the units and management turnover, the property was leased to 95% by August 2019 at significantly higher rents. Read More
| Investment | Acquisition |
| Asset Class | Student Housing |
| Status | Stabilized |
| Market | Illinois State University |
| Construction | 2004 |
| Beds | 156 |
| Square Feet | 58,500 |
| Property Website | yarealty.com |
NOVA
NOVA is new ground up mixed-use multi-family project located in downtown Lafayette, IN. The building has 76 units with a nearly 6,000 square foot Anytime Fitness location on the second floor. Just two blocks south of the heart of downtown Lafayette and a mile east of Purdue University, NOVA is ideally positioned for graduate students, empty nesters, and anyone seeking the convenience and amenities of downtown living. This six-story project is under construction for a planned opening in August, 2020. Read More
| Investment | Development |
| Asset Class | Multi-Family |
| Status | Under Construction |
| Market | Lafayette, IN |
| Construction | 2020 |
| Units | 76 |
| Square Feet | 71,737 |
| Property Website | granitestudentliving.com |
College Station
College Station is a 507-bed student housing asset located about 1.3 miles north of the campus of Illinois State University in Normal, IL. The property was acquired in October, 2017 with a plan to invest approximately $650,000 in improvements and create operational efficiencies. Amenity improvements include a new beach volleyball court, all new grill/lounge courtyard, dog park, and new pool area. A new roof was installed as well as parking lot sealcoat. These improvements coupled with better management led to a 65% increase in NOI in 18 months. Read More
| Investment | Acquisition |
| Asset Class | Student Housing |
| Status | Stabilized |
| Market | Illinois State University |
| Construction | 2004 |
| Beds | 507 |
| Square Feet | 179,845 |
| Property Website | collegestationapt.com |
INVESTOR PORTAL
Active Investment Offering
Solace of Goodyear
| Project Type | Multi-Family Development |
| Location | Goodyear, AZ |
| Units | 214 |
| Project Cost | $44,500,000 |
| Total Equity | $6,800,000 |
| Preferred Return | 8.00% |
| Hold Period | 10 Years |
| Projected IRR | 19.00% |
Ryan Tobias, Partner
Ryan is a Partner and Co-Founder of Jackson Dearborn Partners. He oversees all elements of the JDP business including acquisitions, site selection, fundraising, and investor relations. With 14 years experience, Ryan has worked on over $1 billion in transactional real estate and has developed or acquired over $200 million in student housing and multi-family real estate. Read more
Prior to founding Jackson Dearborn Partners, Ryan worked at brokerage firms Marcus and Millichap and Newmark Knight Frank before starting Triad Real Estate Partners in 2010. Triad is a leading broker of student housing and multi-family in the Midwest completing nearly $1.6 billion in sales since inception. Following the success of Triad, he launched JDP with Shaun Buss and Sean Lyons in 2014 with the goal of building out a vertically integrated real estate investment portfolio.
Ryan is a graduate of the University of Michigan and after a decade in Chicago, moved back to Ann Arbor where he now resides with his wife Brittany and their two children.
Jackson Dearborn Partners is headquartered in downtown Chicago with regional offices in Ann Arbor and Champaign. Use the form below to contact us regarding acquisitions, development, or investment opportunities or just simply enter your email address below to add your name to our mailing list.
404 S. Wells St. Suite 400
Chicago, IL 60607
t: 312.757.2020
e: info@jacksondearborn.com
