SPG West Side Portfolio

Highlights

• Established Market – 19 properties in Binghamton’s premier West Side student housing neighborhood.
• Concentrated Footprint – Clustered assets across Seminary, Leroy, Walnut, Murray, Ayres, Florence, and St. John Streets for efficient operations.
• High Student Demand – Walkable locations with SUNY bus line access and direct connection to Binghamton University.
• Zoning Stability – All properties located within R3 districts, supporting continued student housing use.
• Proven Performance – Consistent occupancy, strong rental history, and long-term appreciation potential.

Description

The West Side Portfolio consists of 19 buildings strategically positioned in Binghamton’s most established off-campus housing neighborhood. Concentrated across Seminary, Leroy, Walnut, Murray, Ayres, Florence, and St. John Streets, these properties form a dense cluster that supports efficient management and stable occupancy.

All assets are located within R3 zoning districts, ensuring long-term use as student housing. The West Side has proven to be a durable rental market with strong tenant retention, fueled by Binghamton University’s enrollment of more than 18,000 students and limited on-campus housing capacity.

With a history of reliable occupancy, operational efficiencies, and upside potential through rent growth, the West Side Portfolio presents investors with an opportunity to secure scale in one of Binghamton’s most resilient student housing markets.

The SPG West Side Portfolio consists of 19 buildings concentrated throughout Binghamton’s West Side, one of the city’s most established and in-demand residential neighborhoods. This area is known for its strong student housing base, historic charm, and close proximity to both Binghamton University and the city’s downtown core.

Residents benefit from convenient access to Main Street, where traffic counts exceed 12,000 vehicles per day and a variety of restaurants, cafes, and neighborhood services line the corridor. The portfolio’s properties are located within walking distance of the SUNY bus line, providing direct transportation to the university and surrounding campuses.

The West Side continues to experience healthy occupancy levels driven by sustained student demand, proximity to major employers, and ongoing neighborhood reinvestment. With established infrastructure and strong rental performance, this submarket offers the stability and long-term growth potential that have defined Binghamton’s student housing market for decades.

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