Student Housing

Investment Properties

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The Colony, Riverside, California

The Colony, formerly known as Parkside Village Apartments, and developed as a for-lease multifamily property in 1986, now provides needed student housing for California Baptist University with 528 bedrooms capable of accomodating up to 1,056 students in furnished units that include kitchens. Students also have access to a variety of restaurants located on campus - a short walking distance away.

With this well run and managed complex, The Colony now generates a ± 35% gross rental revenue premium compared to the property's operation as a traditional stand-alone apartment property with no affiliation to the University.

The Colony is now recognized as a critical component of California Baptist University. Its adjacency to campus as well as its ability to provide a long-term student housing solution make it an integral part of the University's future.

Like many universities, California Baptist needed funds to complete several expansion projects to their campus. American Realty & Development was able to assist in obtaining the needed funding.

The University received approximately $10,000,000 cash for their expansion project.