SPG Downtown Proximity Portfolio

Highlights:

• Strategic Location – Eleven properties positioned along Oak, Chapin, and Front Streets, offering walkable access to Binghamton University’s Downtown Center, retail, and employment hubs.
• Proven Occupancy – Consistent tenant demand supported by more than 18,000 students and fewer than 7,600 on-campus beds, ensuring reliable year-round leasing.
• Operational Strength – Professional management in place at a 5 percent rate, providing efficient oversight, continuity, and immediate scalability.
• Growth Positioning – Located within an expanding downtown corridor benefitting from university investment, healthcare growth, and ongoing redevelopment activity.

Description:

The Downtown Proximity Portfolio includes 11 buildings positioned along Oak, Chapin, and Front Streets in Binghamton, New York. Just beyond the downtown core, these assets combine the convenience of central access with the stability of established neighborhoods. Residents are steps from Binghamton University’s Downtown Center, the SUNY bus line, and the city’s growing base of employers, retailers, and entertainment.

Each property is located within an R3 zoning district, ensuring continued use for student housing and long-term operational security. The portfolio’s scale and concentration create management efficiencies and dependable occupancy, supported by Binghamton University’s enrollment of more than 18,000 students and fewer than 7,600 on-campus beds.

With consistent rent growth, professional management in place at a 5 percent rate, and strong in-place income, the Downtown Proximity Portfolio offers investors a strategic position in one of Binghamton’s most active submarkets. Few opportunities provide this level of stability, scale, and proximity to both university and downtown growth corridors, making it a rare chance to secure lasting value in a market on the rise.

The Downtown Proximity Portfolio is located just beyond the core of Downtown Binghamton, offering residents close access to the city’s central business district, restaurants, retail, and entertainment while maintaining a quieter residential environment. The properties are concentrated along Oak, Chapin, and Front Streets, all within walking distance of the SUNY bus line and Binghamton University’s Downtown Center.

This area benefits from strong connectivity to major employers, including UHS and Lourdes Hospital, as well as direct access to downtown amenities and public transportation. Consistent student demand is supported by proximity to both the downtown core and the university, providing reliable occupancy and long-term rental stability. As Binghamton continues to attract reinvestment and redevelopment near its center, the Downtown Proximity Portfolio is well positioned to capture the next wave of growth surrounding the city’s expanding academic and medical districts.

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