SEATTLE, WA – Investing in a home near a college has some undeniable perks – rent prices are typically stable and there’s always a new pool of tenants looking for rentals. Redfin, the next-generation real estate brokerage, narrowed down the most affordable college towns near schools that offer low tuition, a high-quality education and walkability.

Redfin’s methodology includes median list price for homes near the school, tuition cost and fees, the most recent U.S. News and World Report ranking and data from Walk Score, a Redfin company.

“It’s always fantastic to invest in a location where there is a large pool of tenants, which is exactly what you get when you invest in a property near a school like Georgia Institute of Technology,” said Redfin real estate agent Rory Haigler. “The pool of potential tenants is also stable with new students coming in every year, so a property owner really doesn’t have to worry about where they will find the next tenant. I’ve had a lot of clients looking to invest in property near Georgia Tech, but the problem is that because it’s such a hot market, homes aren’t listed often.”

Here are the 20 best college towns to buy an investment property:

1. Atlanta, Georgia

2. Chapel Hill, North Carolina

3. Baltimore, Maryland

4. St. Louis, Missouri

5. Columbus, Ohio

6. Houston, Texas

7. Philadelphia, Pennsylvania

8. Rochester, New York

9. Pittsburgh, Pennsylvania

10. Cleveland, Ohio

11. Austin, Texas

12. Providence, Rhode Island

13. Madison, Wisconsin

14. Nashville, Tennessee

15. College Park, Maryland

16. Minneapolis, Minnesota

17. Provo, Utah

18. Winston-Salem, North Carolina

19. Ann Arbor, Michigan

20. Chicago, Illinois

To read the full report visit: Redfin.com

Redfin is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $40 billion in home sales through 2016.

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BOULDER, CO – CIM Group announced that it has sold 9Seventy, a newly-constructed, 138-unit apartment community conveniently located adjacent to the University of Colorado at Boulder. 9Seventy was completed in December 2015, and occupancy commenced in January 2016. The property is fully-leased.

9Seventy consists of five four-tale buildings featuring an outdoor pool with resort-style seating, gas grills, an indoor fitness center, a multi-purpose community room, modern clubhouse with a billiards table, bike repair station as well as 174 subterranean parking spaces.

All apartments have hardwood-style flooring, stainless steel appliances, modern fixtures, and balconies and many feature expansive mountain views.

9Seventy’s location in the heart of Boulder on 28th Street is just steps from The University of Colorado and near the 29th Street Mall, Chataqua Park as well as the city’s well loved restaurants, bars and entertainment venues.

Established in 1994, CIM is a leading partner for global institutional investors seeking to invest in real assets located in and serving urban communities with a principal focus on North America. CIM is a real assets manager offering investment strategies in opportunistic, stabilized, and value-add real estate, real estate debt, and infrastructure.

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PALM BEACH, FL – Chicago-based Golub & Company, an international real estate investment and development firm, together with Commercial Financial Management, Inc. and Florida-based real estate investment firm Elion Partners, announced that it has confirmed construction financing for The Bristol Palm Beach, an iconic 25-tale, 69-unit waterfront condominium in the Palm Beaches. The tower, which broke ground in May 2016, is located at 1100 South Flagler Drive at the base of the Flagler Memorial Bridge, allowing for unobstructed views of the Intracoastal Waterway, Atlantic Ocean and Palm Beach Island.

“The Bristol represents the next level of modern luxury residential development,” observed Golub & Company President and CEO Michael Newman. “The exclusive location offers residents unfettered access to everything Palm Beach has to offer, while the building design considers every detail delivering a resident experience unlike anything else in the area.”

Construction financing was provided by BREDS III Loan Holdings, an affiliate of The Blackstone Group. HFF’s Scott Wadler, James Dockerty, and Marc Roth brokered the construction loan. Michael Goldman, Golub & Company Senior Vice President, Acquisitions & Finance, coordinated the transaction for the borrower.

The Bristol’s three- to five-bedroom ultra-luxury residences range from 3,700 to 14,000 square feet and start at $5,000,000. All residences feature flow-through layouts with east to west ocean and city views and are delivered go-in ready with bespoke finishes. Private elevators open directly into each residence, with separate service elevators for staff and deliveries.

Residents will delight in resort-like, world-class amenities including: a private dining room overlooking the Intracoastal; a fitness center featuring a main workout room, outdoor deck, private yoga and personal training room; a wet spa area with his and hers private indoor and outdoor treatment rooms, soaking tubs, steam rooms, and saunas; a dedicated beauty suite for private hair, manicure and pedicure appointments; and a 75-foot lap pool, heated whirlpool, and enclosed aquatic feature for children. The lobby will be staffed with 24-hour front desk attendants, a doorman and a concierge.

Other key participants include Solomon Cordwell Buenz, architect, and Suffolk Construction, general contractor. The interiors are designed by celebrated New York-based designer Amir Khamneipur and the outdoor spaces are designed by world-renowned landscape architects EDSA.

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