A successful sale of a value-added property to Northern Arizona University highlights the historic resilience of the student accommodation category in a post-pandemic economy

ALISO VIEJO, Calif., June 23, 2022 /PRNewswire/ — Versity Invest, LLC, (Versity), a nationally recognized real estate investment firm specializing in student housing and conventional multifamily housing, has sold a 194-door property located half a mile from Northern Arizona Universitygenerating a total return of 86.5% for investors.

“We are very proud of what we have been able to accomplish with the Commons at the sawmill. We created a strategy early on and had the chance to implement that strategy by overcoming a variety of obstacles along the way. Ultimately, it proves once again that a value-added strategic plan has the potential to be highly effective in student accommodation, in the right hands of the operator,” said Blake WettengelCEO of Versity Invest.

The property known as The Commons at Sawmill is located at 901 South O’Leary Street in Flag, Arizona. The Commons at Sawmill is located half a mile from Northern Arizona University and includes 194 gates with 392 beds. Thanks to Versity, the property generated a total return of 86.5% for investors.

For more information about Versity Invest, LLC, please contact Tanya Muro at 877-827-6272 or by email at [email protected].


Versity Invest, LLC, provides individual investors with indirect equity interests in professionally managed, institutional-grade real estate. The Company is focused on what we believe to be well-positioned, currently revenue-generating properties, targeted development opportunities and potential value-added investments for its clients through strategies targeting capital improvement, profitability and revenue maximization. Versity specializes in acquiring, financing, managing and owning real estate investments in the student, multi-family and specialty housing categories. Versity and its subsidiaries currently manage more than $1.6 billion In the real estate.

Any loss of all or part of the principal invested. Past performance does not represent future results. Securities offered by Emerson Equity, LLC, Member FINRA/SIPC. and Versity and Emerson Equity, LLC are not affiliated.

1031 Risk Disclosure:

  • There can be no assurance that any strategy will succeed or achieve the investment objectives;
  • Potential for Loss of Property Value – All real estate investments have the potential to lose value over the life of the investment;
  • Change in Tax Status – The income stream and depreciation schedule of any investment property may affect the owner’s income bracket and/or tax status. An unfavorable tax ruling may cancel the capital gains carryforward and result in immediate tax liability;
  • Foreclosure potential – All real estate investments financed have foreclosure potential;
  • Illiquidity – Because 1031 exchanges are typically offered through private placement offerings and are illiquid securities. There is no secondary market for these investments.
  • Reduction or elimination of monthly cash flow distributions – Like any real estate investment, if a property unexpectedly loses tenants or sustains significant damage, cash flow distributions may be suspended;
  • Impact of Fees/Expenses – Costs associated with the transaction may impact investors’ returns and may outweigh any tax benefits

Tanya Murochief operating officer
[email protected]

SOURCE Versity Invest, LLC