216 Academic Way
Shippensburg, PA 17257

BERKADIA, Inc. is pleased to present the opportunity to acquire the fee-simple interest in Rocktowne Student Townhomes ( The Property , Rocktowne ), a Class A student housing community comprised of 300 beds (103 units). The Property is located less than two miles from Shippensburg University in Cumberland County, Pennsylvania, approximately 40 minutes southwest of Harrisburg. Constructed in 2008, Rocktowne Student Townhomes offers an attractive mix of three- and four-bedroom townhomes - approximately 90% of the units. All of the layouts feature a private entrance with state-of-the-art electronic key entry systems (Schlage). Each floor plan is either a thru or corner unit offering excellent cross ventilation. All of the units come fully furnished and feature a full size washer and dryer. The Property boasts a centrally located clubhouse with a state-of-the-art fitness center, a business and resident lounge area, as well as tanning booths. Other amenities include a running trail, volleyball court and basketball court. Founded in 1871, Shippensburg University (6,500+ total enrollment) is a four-year public institution and one of 14 universities that make up the Pennsylvania State System of Higher Education (PSSHE). According to Niche.com, Shippensburg University is the 13th-largest university in the state of Pennsylvania and the sixth-largest within the PSSHE. U.S. News & World Report has ranked the university among the top 30 public schools and the business program has been ranked among the best in the nation. Although the majority of students hail from Pennsylvania, Shippensburg University also welcomes students from 20 states and 15 different nations, due to its centralized location.