Who Owns 13th and Olive Apartments Eugene Oregon? The Story Behind the Property

Who Owns 13th and Olive Apartments Eugene Oregon? If you’ve ever walked past this large student housing complex, you might have wondered about its ownership. Located in downtown Eugene, this apartment building is home to many University of Oregon students.

The 13th and Olive Apartments were originally developed by Capstone Collegiate Communities, an Alabama-based company specializing in student housing. However, ownership has changed over the years. Currently, the property is owned by Mapletree, a global real estate company.

Who Owns 13th and Olive Apartments Eugene Oregon? A Deep Look

The 13th and Olive Apartments have seen changes in ownership since their development. Originally built by Capstone Collegiate Communities, the property is now owned by Mapletree, a global real estate company.

This transition reflects the evolving nature of real estate investments in student housing.

Understanding who owns 13th and Olive Apartments Eugene Oregon helps residents and the community know who is responsible for property management and development decisions. Ownership changes can influence the quality of living and the services provided to tenants.

It’s essential for potential residents to be aware of the property’s ownership history. This knowledge can provide insights into the stability and management style of the apartment complex, impacting their living experience.

The History of 13th and Olive Apartments: Who Built It?

The 13th and Olive Apartments were developed to meet the growing demand for student housing in Eugene. Capstone Collegiate Communities, an Alabama-based company, initiated the project, investing significantly in its development.

Construction began in the early 2010s, transforming a two-block site in downtown Eugene into a modern housing complex. The development aimed to provide University of Oregon students with convenient and upscale living options close to campus.

The project’s completion marked a significant milestone in Eugene’s urban development, offering housing to over 1,300 students. This development played a role in revitalizing the downtown area, attracting businesses and contributing to the local economy.

Ownership Changes Over the Years: Who Owns It Now?

After its completion, the 13th and Olive Apartments underwent ownership changes. Capstone Collegiate Communities initially managed the property, but it was later acquired by Mapletree, a global real estate investment company.

Mapletree’s acquisition reflects a trend of international investors recognizing the value in U.S. student housing markets. Their portfolio includes various properties across the country, indicating a strategic expansion into student accommodations.

Current residents may notice differences in management styles due to this ownership change. Mapletree’s global experience could bring new amenities and services to enhance the living experience at 13th and Olive.

Why 13th and Olive Apartments Matter to Eugene’s Downtown

The 13th and Olive Apartments have significantly impacted Eugene’s downtown landscape. By accommodating over 1,300 students, the complex has increased foot traffic, benefiting local businesses and contributing to the area’s vibrancy.

The development has also spurred further investments in the downtown area. New restaurants, shops, and entertainment venues have emerged to cater to the growing student population, fostering economic growth.

However, this influx of students has raised concerns among long-term residents about noise and changes in neighborhood dynamics. Balancing the needs of students and the existing community remains an ongoing discussion in Eugene.

Student Life at 13th and Olive: What’s It Like to Live Here?

Living at 13th and Olive offers students a blend of convenience and modern amenities. The complex features spacious apartments, study lounges, fitness centers, and recreational areas, catering to various student needs.

Its proximity to the University of Oregon allows students to commute easily, either by walking or using nearby public transportation. This accessibility enhances the appeal of 13th and Olive as a preferred housing option.

Residents often appreciate the community atmosphere fostered by the complex. Regular events and communal spaces provide opportunities for socializing, making it easier for students to connect and build friendships.

What Residents Say: The Good, The Bad & The Noisy

Residents’ experiences at 13th and Olive vary, reflecting both positive and negative aspects of living in a large student housing complex.

Positive Feedback:

• Many students appreciate the modern amenities and convenient location.
  
• The spacious layouts and communal areas receive praise for enhancing the living experience.
  

Negative Feedback:

• Some residents have reported maintenance issues and concerns about management responsiveness.
  
• Noise levels can be a problem, especially during weekends and exam periods.
  

It’s essential for potential residents to consider these factors and visit the property to assess if it aligns with their expectations and lifestyle.

Is 13th and Olive a Good Investment for Owners?

Investing in student housing like 13th and Olive can be lucrative, given the consistent demand from university students.

Advantages:

• Steady rental income due to the ongoing need for student accommodations.
  
• Potential for property value appreciation in a growing college town.
  

Challenges:

• Managing a large student population requires effective property management strategies.
  
• Economic downturns or changes in university enrollment can impact occupancy rates.

Management & Security: How Well Is the Complex Run?

Managing a large student apartment complex like 13th and Olive requires strict policies and efficient security measures. With over 1,300 students living in one place, maintaining order can be challenging, but good management makes a big difference.

The current owners, Mapletree, have implemented several security measures to ensure safety. There are surveillance cameras, controlled entry points, and on-site security personnel to handle any issues.

However, some residents have expressed concerns about maintenance response times and handling of noise complaints. Good management means balancing student freedom with the well-being of the entire community.

Future of 13th and Olive Apartments: Will Ownership Change Again?

Real estate investments change over time, and student housing is no exception. While Mapletree currently owns 13th and Olive, future sales or management changes could happen, affecting residents and the surrounding community.

If a new owner takes over, they may introduce new policies, renovations, or rent adjustments. These changes could improve or complicate life for students living there.

For now, it’s important for current and future residents to stay informed about ownership updates. Knowing who owns 13th and Olive Apartments Eugene Oregon helps students and parents make better housing decisions.

How Does 13th and Olive Compare to Other Student Housing in Eugene?

Eugene has many student housing options, but how does 13th and Olive compare? For students, important factors include location, amenities, rent, and management quality.

Comparison Points:

• Location: 13th and Olive is in downtown Eugene, making it closer to restaurants and stores but a bit farther from campus than some housing options.
• Amenities: It offers modern features like study lounges, a gym, and social spaces. Some student housing options may have fewer amenities.
• Rent Prices: Prices at 13th and Olive can be higher than older student apartments, but residents pay for the convenience and facilities.

Students looking for quieter housing or more budget-friendly options may explore areas closer to campus or private rentals. However, for those who want modern living in a central location, 13th and Olive remains a top choice.

Tips for Students Considering 13th and Olive Apartments

If you’re thinking about living at 13th and Olive, it’s important to be prepared. Student housing can be exciting, but knowing what to expect will make your experience better.

Things to Keep in Mind:

• Visit Before Signing: Check the apartment and ask about any maintenance issues.
• Understand the Lease: Read the lease carefully to avoid unexpected fees or policies.
• Talk to Current Residents: Get real opinions about noise levels, management, and security.
• Budget Wisely: Consider rent, utilities, and extra costs before committing.

By doing research, students can find the best housing option that suits their needs and lifestyle. Living at 13th and Olive can be great, but being informed helps avoid surprises.

Conclusion

13th and Olive Apartments in Eugene is a big place for students to live. It has nice rooms, modern features, and is close to shops and restaurants. Many students like it because it is fun and easy to live there. But some people worry about noise and how the place is managed.

The owners, Mapletree, take care of the apartments, and there are rules to keep things safe. If you are thinking about living here, check reviews, visit the place, and understand the lease. Choosing the right home is important, so make sure 13th and Olive is the best choice for you.

FAQs

Q: Who owns 13th and Olive Apartments Eugene Oregon?
A: The apartments are owned by Mapletree, a global real estate company that invests in student housing.

Q: Is 13th and Olive only for students?
A: Yes, it is mainly for University of Oregon students, but some young professionals also live there.

Q: What amenities does 13th and Olive have?
A: It has a gym, study rooms, lounges, and parking. There are also security cameras and gated entry for safety.

Q: Is 13th and Olive noisy?
A: Since many students live here, it can get loud, especially on weekends. Some people like the social vibe, while others prefer quieter places.

Q: How much is rent at 13th and Olive?
A: Rent changes every year, but it is higher than older apartments because of its location and modern features. Always check the latest prices before signing a lease.