Wildcat Crossing

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Located in Chico, California just blocks from Chico State University, MHE purchased this 163 unit property in December 2018. The property had significant deferred maintenance, and MHE decided to infuse over $2.5M of additional capital to put on new roofs, tear out and replace dilapidated decks and concrete, and renovated all interiors with high-end finishes including quartz counters. The property has also received a re-branding along with a new color scheme.

The property received several common area enhancements including a newly built office, state of the art gym, study rooms, and a new student lounge.  MHE plans on completely renovating the pool area and building a new spa.

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Background

PROPERTY DETAILS

  • Asset Type:
    Student Housing
  • Location
    Chico CA (Chico State)
  • Average Unit Size:
    800 square feet
  • Purchase Date
    December 2018