Summary:
- Institutional Property Advisors (IPA), part of Marcus & Millichap, has exclusively listed Raintree Commons, a 924-bed, 152-unit student housing community near Brigham Young University in Provo, Utah, for sale via an open bid process.
- The property benefits from recent exterior and common area renovations, limited local competition, and proximity to major retail and educational institutions, supporting stable long-term performance in a supply-constrained market.
- Built in 1978 and renovated in 2022, Raintree Commons features 13 buildings with amenities including a pool, gym, and volleyball court, offering three-bedroom/two-bath units averaging 750 square feet with private bedrooms and shared living spaces.
Original article:
https://yieldpro.com/2026/03/ipa-lists-student-housing-asset-for-sale-in-provo/
