Built in 2004, The Highlands is a 216-unit, 732-bed value-add, purpose-built student housing community located less than one half mile from the University of Nevada, Reno (UNR) campus, where enrollment has grown by 8.6 percent over the past 5 years to 22,802 students in Fall 2024.
Featuring two-, three-, and four-bedroom floorplans, the property is strategically positioned to capture undergraduate demand and is currently 94 percent occupied for the 2025-26 AY. The Highlands is surrounded by retail, dining, entertainment and is situated within the student housing corridor north of campus.
Community amenities at The Highlands include a resort-style pool and hot tub, sand volleyball and basketball courts, a 24-hour fitness center, business center and computer cafe, and is a pet-friendly community.
The Highlands presents an attractive value‑add opportunity for a new investor through targeted interior upgrades, repositioning of premium units, and operational enhancements. With limited competing product in the immediate walk-radius of UNR, repositioning upside is underpinned by a desirable location, growing enrollment and consistent demand.