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 |
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 |
Solace of Mahomet
Solace of Mahomet is the first of the Solace-branded multi-family projects JDP has in the construction pipeline. This 194-unit, $27M project is located in the Champaign suburb of Mahomet, a high growth area with excellent school and high end demographics. Solace will be the first new construction apartment project in the submarket with a full amenity package. The first phase is scheduled to open in mid 2020 with full project completion in early 2021. Read More
| Investment | Development |
| Asset Class | Multi-Family |
| Status | Under Construction |
| Market | Mahomet, IL |
| Construction | 2020-21 |
| Units | 194 |
| Square Feet | 206,120 |
| Property Website | greenstrealty.com |
The Stilts on Springfield
The Stilts is a 120-bed student housing property located just two blocks east of the University of Illinois in Champaign, IL. The property was acquired from the original developer in March, 2019 with a plan to do a complete renovation of all the units and hold long term. The location is outstanding and with all-new units, will be consistently 100% leased for years to come. Read More
| Investment | Acquisition |
| Asset Class | Student Housing |
| Status | Stabilized |
| Market | University of Illinois |
| Construction | 2001 |
| Beds | 120 |
| Square Feet | 40,884 |
| Property Website | greenstrealty.com |
32 GREEN
32 Green, part of Campustown Opportunity Zone Fund I, is a 164-bed ground up student housing project just off the campus of the University of Illinois. Located right on Champaign’s iconic Green Street, the property features a mix of 2, 3, and 4 bedroom units - all with bed-bath parity - over 5,652 square feet of retail. This 5-story podium and wood building is currently under construction and slated to open in August, 2020. Read More
| Investment | Development |
| Asset Class | Student Housing |
| Status | Under Construction |
| Market | University of Illinois |
| Construction | 2020 |
| Beds | 164 |
| Square Feet | 80,104 |
| Property Website | greenstrealty.com |
INVESTOR PORTAL
Closed Project
NOVA
| Project Type | Multi-Family Development |
| Location | Lafayette, IN |
| Units | 76 |
| Project Cost | $16,800,000 |
| Total Equity | $2,700,000 |
| Preferred Return | 8.00% |
| Hold Period | 5-10 Years |
| Projected IRR | 17.00% |
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
