ALISO VIEJO, Calif.--(BUSINESS WIRE)--NB Private Capital, LLC (“NBPC”), the successor to Nelson Brothers Professional Real Estate (“NBPRE”), marks its first year of business. After 10 years as co-founder of NBPRE, Brian Nelson launched NBPC to build on the firm’s best-in-class track record and focus on stabilized, yield-producing student housing properties.
According to Nelson, NB Private Capital emphasizes performance, communication and building long-term relationships in all areas of the firm’s business. The firm will continue to focus on assets that leverage the historical stability of university enrollment by purchasing properties pedestrian to campuses across the U.S.
“Student housing is rapidly becoming a core asset class,” Nelson said. “Yields in student housing are not historically correlated to the risk profile of the asset class. As a result, the historical cap rate delta between traditional multi-family and well-positioned university housing is at a historic low.”
Today, NBPC manages 22 properties, over 2,500 doors, and approximately 7,800 beds. The company is approaching its 10th full-cycle property. On average, they have seen a 55% return on those assets, with a few of those properties making a 100% return in a four- to five-year period. The company has acquired $1 billion in student housing assets across 14 states and 20 universities.
“We’re not the new kids on the block,” Blake Wettengel, CEO said. “We’re the same award-winning company, with many of the same names and faces, that people have known and trusted. We consist of many of the same individuals who made up the team at NBPRE when it won the award as Inc. 500’s fourth fastest-growing real estate company.”
For more information on NB Private Capital, visit www.nbprivatecapital.com.
ABOUT NB PRIVATE CAPITAL
NB Private Capital, LLC offers individual investors indirect ownership interests in institutional quality, professionally managed real estate. The company, founded by Brian Nelson, focuses on what we believe are well-positioned, income-producing properties, targeted growth opportunities and value-added investments for its clients through potential capital improvements, cost efficiency, and revenue maximization. NBPC specializes in the acquisition, financing, and ownership of real estate investments in the niche area of student housing. NBPC currently manages over $700 million in multi-family housing real estate.
Securities offered through Emerson Equity LLC, member FINRA/SIPC. All investing involves risk. Past performance is not an indicator of future performance. Emerson Equity LLC is not entity with any other entity identified in this communication.