Axis Luxury Living is one of Prospera’s trophy assets, and carries a fascinating story. Watch the video below to see what it took to bring this amazing project to life.

OPPORTUNITY OVERVIEW

Built in two phases between 2020 and 2021, Axis Luxury Living is an award-winning 1,044-bed/282-unit luxury young adult and student housing property adjacent to Utah Valley University (UVU) – the largest and fastest-growing university in Utah. UVU is located in Orem, Utah – the number one performing economy in the nation (Milken Institute) – and is approximately 10 minutes from Brigham Young University and 45 minutes from Salt Lake City. Due to its proximity to UVU’s campus, the new pedestrian bridge, the Orem Intermodal Hub, and its best-in-market amenities, The Axis has quickly become one of the most desirable properties among both students at UVU and young adults across the region.

The 282 units at The Axis consist of one, three, or four-bedroom floor plans, all featuring private bedrooms and bathrooms. The Axis stands alone as the only purpose-built student property in the market with full bed-bath parity. One hundred percent of apartment units at The Axis are leased by the bed on 12-month leases.

1,044 Beds
282 Units

Built
2020–2021

100% Private Bedrooms & Bathrooms

Best-In-Market Amenities

THE MARKET

UVU IS DIFFERENT

For optimal purpose-built student housing, The Axis checks all the boxes. However, an understanding of the one-of-a-kind demographic, economic, and cultural factors at play in this unique market reveal that The Axis is so much more than that.

Utah County has the highest concentration of young adults, the fastest population growth, and the strongest job & economic growth in the United States.

#1 NATION’S LOWEST MEDIAN AGE

24.8 (UT County) vs 38.1 (USA)

#1 NATION’S HIGHEST CONCENTRATION OF MILLENIALS

30.4% (Utah County) vs 23.4% (USA)

#1 FASTEST GROWING STATE OF LAST DECADE

17.6% (Utah County) vs 8% (USA)

#1 BEST ECONOMY IN NATION - PROVO-OREM METRO

Provo-Orem Metro (Milken Institute, 2021)

FOR ANY YOUNG ADULT WANTING A LIVE-STUDY-WORK-PLAY LIFESTYLE, THE CHOICE IS OBVIOUS

As student housing investment criteria go, it does not get much better than The Axis and Utah Valley University

Optimal Housing Dynamics and Risk Mitigation

As student housing investment criteria go, it does not get much better than The Axis and Utah Valley University

Provo-Orem, Utah, which ranked second in 2020, reclaims the top spot among this year’s Best-Performing Large Cities. Provo ranked first in both one- and five-year job growth while also ranking highly in hightech GDP concentration and the number of high-tech industries. Provo-Orem is a recipient of the tech sector’s outmigration from the expensive West Coast. It is a relatively new innovation center but offers a high quality of life and amenities in the mountain region. With significantly lower costs than Silicon Valley, Provo-Orem has attracted such tech giants as Qualtrics, Vivint, and SmartCitizen.

THE OLD WAY

In the past, a young adult moving to Utah who got a job in the booming Silicon Slopes tech market, or who is perhaps a newly employed recent graduate of either UVU or BYU (over 70,000 students combined), had few housing options with limited alternatives:

THE AXIS WAY

The Axis offers an alternative and a new way of thinking about housing. Though ideal as student housing, it could more accurately be described as “young adult housing” due to it’s unique live-study-workplay environment. Compare the alternative mentioned above against The Axis lifestyle:

BEST-IN-MARKET AMENITIES

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Fitness Center Matterport

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Game Area Matterport

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Recording Studio Matterport

MORE ABOUT UVU

FOUNDED: 1941

LOCATION: Orem, Utah

ABOUT: Utah Valley University is the largest public university in the state of Utah, and one of a few in the nation offering a dual-mission model that combines the rigor and richness of a first-rate teaching university with the openness and vocational programs of a community college. The unique model, which focuses on student success, engaged learning, rigorous academic programs, and faculty-mentored research, is transforming higher education by making it more affordable and accessible to students of all backgrounds.

ENROLLMENT: As the largest public university in the state of Utah with an enrollment of 40,936 students in Fall 2020. UVU is projected to reach 53,000 students by 2025 and nearly 57,000 students by about

2030.

Student Housing at UVU: UVU does not have On- Campus Housing. The university website states:

“Utah Valley University helps to establish revenue within the local economy by not competing against the local housing market. Through off-campus housing we believe UVU engages the community in mutually beneficial collaboration while students are here attending school.”

Employment: UVU is the largest employer in Orem, with over 2,000 full-time faculty and staff and over 1,800 part-time faculty and staff.

STUDENT BODY: UVU students represented all 50 US states, the District of Columbia, and 74 countries.

UTAH COUNTY: Utah County’s population doubled between 1990 and 2010 and will grow by 60% between

2010 and 2030.

0
Total Students
0
Full-Time Equivalent
0
High School Students
0
Faculty & Staff

INVESTMENT IN EDUCATION

$2,953

Resident Tuitions & Fees per Semester*

15%

Lower than the average tuition in the state of Utah

RANKED #1

in Utah for alumni earnings

42%

Lower than the average tuition in the nation

RANKED #3

in the USA for return on investment

NUMBER OF PROGRAMS 2019–2020

0
Master’s
0
Graduate Certificates
0
Bachelor’s
0
Associate’s
0
Certificates
0
Diplomas
0
Total Programs

Axis Luxury Living is just one of many assets in the Prospera Growth Fund portfolio. Accredited investors in the fund gain exposure to the entire portfolio, several of which are early in the project life cycle. This almost ensures tremendous equity gains and upside beyond a healthy preferred return to investors.

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