Exposition Parc Apartments
Kevin Tsai Architecture
The Projects: Commercial Real Estate // Graphic Design, Offering Memorandum, Print Collateral, Market Research
Exposition Parc Apartments is an estimated 2+/- acre, $82.5 million dollar new development project in South Los Angeles. The site is fully-entitled for 574-beds, (108-unit) student housing development, and is located 0.6 miles from the University of Southern California campus. The subject property is within the USC Supplemental Safe Ride Program area, which provides free Lyft shared rides to USC students and faculty. The 5-story property includes an internal courtyard with a private pool, expansive rooftop deck with panoramic view of the DTLA skyline, reservable private study rooms, a fitness center, and 151 secure auto parking spaces.
University of Southern California
The University of Southern California is an internationally-renowned private university, with a student population of approximately 46,000 students. Despite the expanding geographic footprint, the University cannot meet the demand for housing for the USC student population. Property owners in the surrounding USC neighborhoods are benefiting from low vacancy rates, making the landlord’s ability to collect rent very strong. The shortage of student housing in the USC area, has created pent up demand for properties near the school. At USC, private off-campus occupancy is now 95%+ for institutional quality operators.