Kiser Group’s Principal and Designated Managing Broker, Lee Kiser, along with Advisor Kyle Sissell and Associate Jackson Medina have recently listed Copper View Apartments in Champaign, Illinois. This luxurious multifamily property was built in 2012 and consists of 159 units with on-site amenities such as a clubhouse, pool, secured parking lot and dog run.
The property was acquired in early 2023 with the goal of converting large student housing units into market rate apartments. Currently undergoing extensive renovations, Copper View is exceeding expectations for both occupancy rates and rent prices. The high demand for quality housing in the area is evident through pre-leasing of units before construction completion as well as a waitlist for turnover units.
According to Sissell: “Copper View presents an attractive investment opportunity due to its successful renovation strategy, strong demand from renters within the submarket area , lack of upcoming competition ,and potential for growth.” Regional operators seeking entry into this thriving Midwestern market are expected to show significant interest.
