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STUDENT HOUSING INVESTMENT PROCESS

  • US 20080288381A1
  • Filed: 05/15/2007
  • Published: 11/20/2008
  • Est. Priority Date: 05/15/2007
  • Status: Abandoned Application
First Claim
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1. A method of providing residential student housing to a student tenant associated with an academic or quasi-academic institution comprising the steps of:

  • (a) acquiring a multi-unit residential property by a first entity, where the residential property includes apartments, each divided into one or more bedroom spaces and associated common areas;

    (b) transferring an ownership interest in the multi-unit residential property from the first entity to a second entity;

    (c) establishing a written occupancy scheme or plan that defines rights of exclusive occupancy for each bedroom space in each apartment, together with non-exclusive rights of use with respect to common areas within each apartment and within the multi-unit residential property, and correlates such exclusive and non-exclusive rights with the ownership of a specified fractional ownership interest in the multi-unit residential property;

    (d) transferring, from the second entity to a third entity, one or more fractional ownership interests in the multi-unit residential property, with each fractional ownership interest carrying a corresponding right to exclusive use of one or more bedroom spaces and non-exclusive rights of use with respect to common areas; and

    (e) providing for the granting by the third entity of an occupancy right to a student tenant, while the student tenant is associated with the academic or quasi-academic institution, with respect to a specific bedroom space and associated common areas, based on the third entity'"'"'s rights derived from the fractional ownership interest of the third entity, or, when the third entity is a student, this occupancy right is derived directly from the student'"'"'s ownership of the fractional interest.

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