Downtown / Dwight

The walkable core adjacent to Yale and the train station, with deep student and young-professional demand. Multifamily near campus generates strong per-unit rents and a roughly $200M annual student-housing market.

Student tenancy means turnover, summer vacancy, and more wear; Dwight's quality varies by property. The high mill rate and active management needs must be underwritten.

Cash-flow investors comfortable with student rentals and active, calendar-aware management.