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University Portfolio @ Salisbury 2 Multifamily Properties in Salisbury, MD
Investment Highlights
- Institutional-quality student housing portfolio
- Turnkey, purpose-built assets
- High-quality unit finishes
- Experiential living driving competitive advantage
Executive Summary
Lee & Associates is pleased to present exclusively for sale for the purpose-built student housing assets University Orchard and The Gathering at Salisbury located at 106 Farmers Market Road and 1412 South Division Street, respectively (the “Properties”). Servicing Salisbury University in Maryland, the Properties feature 848 beds across 254 units providing fully furnished rooms to students as well as an array of best-in-class hospitality-level amenities. Both assets have recently benefitted from over $3.4 million worth of renovations to common areas, amenities, and select units since 2024. The Properties represent the opportunity to acquire the two closest purpose-built student housing assets to campus in a supply-constrained and high barrier to entry market. Salisbury University’s enrollment growth goals and capital improvement program are currently underway and are planned to continue for the foreseeable future.
Property Facts
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 476,922 SF |
| Status | Active | Total Land Area | 28.76 AC |
| Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 476,922 SF |
| Total Land Area | 28.76 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
University Orchard
106 Farmers Market Rd, Salisbury, MD 21804 |
Multifamily | 410,922 SF | 2013 | - |
|
The Gathering at Salisbury
1412 S Division St, Salisbury, MD 21804 |
Multifamily | 66,000 SF | 2015 | - |
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Contacts
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Benjamin Tapper -
Sean Slattery -
Kristin Rebeck -
Matthew Snyder -
Evan Jenkins -
Lee & Associates
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University Portfolio @ Salisbury
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