The Ryder on Olive Features 20,000 Square Feet of Community Space with Unmatched Amenities & an Assortment of Floor Plans to Accommodate the Needs of All Residents Just a Half Mile From Campus in an Opportunity Zone
DAVIS, Calif., — A new LEED Gold Certified, 260,000 square foot off-campus student housing community is coming to the UC Davis market just in time for the fall semester. HighBridge Properties, a real estate development company, began construction on the property in Fall 2019, and will be completed by August 2021. The community is being developed in an opportunity zone at an underutilized infill site and brings 706 beds among 130 apartments to the area.
The Ryder on Olive is located half a mile from campus and is close to the business district, which is filled with restaurants, bars and shops. As the most amenitized student housing project in Davis, amenities include 20,000 square feet of community space, consisting of a fitness center, yoga room, multiple study areas and game rooms, pool cabanas, a karaoke room, a micro market for 24/7 access to food and drinks, full-fiber distribution to every unit delivering high-speed internet and more. The community is pet friendly, and offers a dog park and washing station. An exclusive electric car sharing program will also be available for residents.
Residents will be able to choose from multiple floor plans that accommodate their unique needs, ranging from two- to five-bedroom apartments with the option for private or shared bedroom varieties. All apartments come fully furnished with trendy and modern sleek appliances, while the provided contemporary custom furnishings are designed to provide comfort and convenience to residents. The Ryder Affordable Student Housing Program is also available for students who may need assistance. This unique program is tailored for independent students, unlike other affordable programs that are geared more toward families, and addresses the disparities and rising cost of education.
“We are thrilled to be able to provide a beautiful and energetic community for students during a pivotal moment of their lives,” said Paul Gradeff, HighBridge Properties’ Managing Director. “We’ve worked hard on creating a space in which residents can focus and thrive throughout their college career. And, with things slowly getting back to normal, we continue to actively fulfill leases despite the pandemic.”
“Our main objectives in developing Ryder on Olive has been to promote walkability and sustainability, values that Davis residents and UC students feel very strongly about,” said Brett Callaghan, HighBridge Properties’ Director of Development. “An infill project that encourages residents to commute by walking or bicycling shows that Davis can grow responsibly and keep the community livable.
“HighBridge Properties partnered with Denver-based multi-family developer, Grand Peaks Development, hired Sacramento’s Brown Construction as the general contractor, and Humphreys & Partners Architects and South Park Interiors to design. Asset Living, one of the largest privately held real estate management firms with a long-standing specialty in student housing, was brought on to manage the community.
“We are very excited to be able to partner with HighBridge and Grand Peaks to manage the special community of The Ryder,” said Joe Goodwin, senior vice president for Asset Living. “This will be a new and unique kind of community, tailored to fit modern students’ needs by providing them with an entertaining atmosphere as well as an environment that fosters success.”
The Ryder will open for students to move in by September 2021, and pre-leasing is currently available.
About HighBridge Properties (HBP)
HighBridge Properties is a real estate investment and development firm based in Northern California that invests in and develops multifamily and student housing properties throughout the United States.
About Asset Living
Founded in 1986, Asset Living (“Asset”) is a Houston-based real estate management firm. With a growing portfolio that includes a multitude of properties across the nation, Asset provides services to a variety of clients that include property management, asset management, receivership, and investment services. Asset is a member of The Institute of Real Estate Management (IREM), and is recognized as an Accredited Management Organization (AMO).