# Property Acquisitions ## University Village Slippery Rock DCAP and its syndicate partner, Kahuna Investments, is pleased to present University Village Apartments in Slippery Rock, PA. This 200 unit, 632 bed, property is a B-class asset in an A-class area and has many strong attributes that make this opportunity desirable: Serves the expanding Slippery Rock University with over 8,500 students and other smaller community colleges. Currently 94.6% leased as of February 2022. Several luxurious amenities and contemporary apartment features. Strong cashflow starting on day 1 with a true value add opportunity. Built in 2007, University Village is an incredible, well-kept property making it desirable for students and yet provides opportunities to increase income with our $1.6 million capital improvement budget. The planned updates will allow us to obtain a $45 per bed premium in rents and include: LVP Flooring, Paint Stainless Steel appliances, Solid surface countertops, Refreshed Cabinets, and updated color scheme Our CapEx plan, along with our sophisticated property management strategy will allow us to sustain positive NOI growth every year and meet the growing needs in the community for safe, spacious and disciplined student living. ### Pitch Deck {% file src="/files/4GncL9CmChNmlDfwq1ik" %} ### Trailing Income Statements #### 2021 {% file src="/files/XLXG23oa8FwA3RgH7qqF" %} #### 2020 {% file src="/files/NNZZJ0Gli1vNjnMSmpOK" %} #### 2019 {% file src="/files/uoqso9Jub9zQXzJSmuo2" %} --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.dcap.finance/capital-allocation/property-acquisitions.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.