I’m not a negative person but.... enrollment at WIU is way down the university recently demolished one large dorm tower. I would imagine it’s a buyers market don’t over pay a friends parent just because it’s a friend.
I went to school at western about 5 years ago. I'm only familiar with it from that regard. However, I have been back a few times. I know enrollment is down almost 20% from 10 years ago, so be careful with that. They built a few new complexes in the 2000-2010 timeframe. When I started there, they were full. My understanding is those places are under 90% occupied now. I think that is partially because of Illinois being a mess, but Macomb also doesn't need have a ton of job prospects for people to work during school. And I know some bigger places closed while I was there. I would just trend lightly and really watch that admission level if you do decide to jump in.
@Eric Hardt and @Rich Nordstrom that is what I have been hearing- the school is not doing well. I saw there was a hospital there but without other employment opportunities I worry about the future of being able to find tenants. They are wanting to move out of the area so they really want to get rid of the properties so I am sure we could work something out beneficial financially for everyone if I think worth paying anything to be in the area. These opportunities don’t always present themselves especially across the country so just want to make sure I do the best due diligence I can...thank you both for your input.
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