The Next Apartment
The Next Apartment operates a single, fully furnished student housing property in Pensacola, Florida near the University of West Florida and Pensacola State, offering per-bed individual leases across 2, 3, and 4 bedroom floor plans with roommate matching.
- Company typePrivate
- Founded-
- HeadquartersPensacola, United States
- Headcount—
- GTM typeB2C
- OfferingServices
What The Next Apartment does
The Next Apartment is a privately held student housing operator that leases fully furnished shared apartments to college students in Pensacola, Florida. The single property at 10080 Hillview Drive sits steps from the University of West Florida and close to Pensacola State, and serves undergraduate students seeking furnished housing near campus with individual per-bed leases rather than whole-unit rentals. Its product is a small portfolio of three floor plans — De Luna (2 bedroom / 2 bath, 892 sq ft), Bella Vista (3 bedroom / 3 bath, 1,092 sq ft), and Santa Rosa (4 bedroom / 4 bath, 1,307 sq ft) — supplemented by roommate matching, a modern clubhouse, resort-style pool, and onsite study lounges.
The business is operated through Entrata's property management platform, with ProspectPortal handling the public-facing website, online applications, and lead capture, and ResidentPortal serving current residents for payments and communication. AI-powered virtual messaging assistants are layered on top of the Entrata stack to handle leasing inquiries. Pricing is per bed on a monthly cadence, listed as "Call for Pricing," with leases structured around academic-year terms (e.g., AY 26/27 12-month option from 08/14/2026 to 07/30/2027). Marketing runs through the property website, organic search, a digital brochure on Flipsnack, and a Friend Referral program, with seasonal promotions such as Summer Savings driving tour and lease conversion.
The company is private with no disclosed funding history, management team, or ownership structure beyond its operating relationship with Entrata, Inc. There is no indication of multi-property operations, geographic expansion, or M&A activity; the entity appears to function as a single-asset student housing community whose addressable market is tightly defined by enrollment at its two neighboring campuses.
The Next Apartment firmographics
Firmographics- Name
- The Next Apartment
- Legal name
- Entrata, Inc.
- Website
- https://thenextapartments.com
- Company type
- Private
- Operating status
- Operating
- Short description
- The Next Apartment operates a single, fully furnished student housing property in Pensacola, Florida near the University of West Florida and Pensacola State, offering per-bed individual leases across 2, 3, and 4 bedroom floor plans with roommate matching.
- Ownership category
- akta.pro rank
The Next Apartment industry classification
Industry- Product category
- Student Housing
- NAICS
- Rental and Leasing Services (532), Accommodation (721)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Off-Campus Shared Student Houses (Room-by-Room) (THAMAGAC)
- akta.pro secondary industries
- Student/Academic Serviced Residences (THAGAEAF), Shared Student Apartments & Roommate-Matching Platforms (EDAIALAD), Student & Academic Term Monthly Housing (THAMAFAH), Co-Living / Hybrid Extended-Stay Residences (THAGAEAK)
Keywords
Where The Next Apartment is headquartered
LocationHeadquarters
- HQ city
- Pensacola
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The Next Apartment business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Residential Rental Income: Monthly rental income from student apartments. Pricing is per bed, with 2, 3, and 4 bedroom fully furnished floor plans available. Residents sign leases for specific terms (AY 26/27 12mo option available).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Per-bed rental pricing with individual leases |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
The Next Apartment product offering
Product offeringCore offering
The Next Apartment is a student housing community in Pensacola, FL that leases fully furnished 2, 3, and 4 bedroom shared apartments on a per-bed, individual-lease basis to college students attending the University of West Florida and Pensacola State. The property includes roommate matching services and amenities such as a clubhouse, resort-style pool, and onsite study lounges, with leasing managed through the Entrata property management platform.
Product overview
The Next is a student housing apartment community offering fully furnished 2, 3, and 4 bedroom floor plans near the University of West Florida in Pensacola, FL. The property features individual leasing, roommate matching, and upscale amenities including a modern clubhouse, onsite study lounges, and a resort-style pool. The community is managed through Entrata's property management platform and provides resident services via ResidentPortal. Floor plans include De Luna (2BR/2BA, 892 sq ft), Bella Vista (3BR/3BA, 1,092 sq ft), and Santa Rosa (4BR/4BA, 1,307 sq ft).
Differentiator
Problem solved
Functional benefit
Products and services
- The Next Student Apartments
Companies that use The Next Apartment
Customer profileSegments1 record
Ideal customer profiles1 record
The Next Apartment technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
The Next Apartment partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- EntratacoreEntrata provides the property management software platform powering The Next's website, online applications, resident portal, and virtual messaging assistants. The property website and all leasing functionality runs on Entrata's ProspectPortal and ResidentPortal systems.
- ProspectPortalcoreOnline leasing platform used for property inquiries, account creation, and application submission for prospective residents.
- ResidentPortalcoreResident portal platform for current residents to access their accounts, make payments, and communicate with property management.
Scale indicators2 records
Recent moves4 records
Expansion highlights2 records
The Next Apartment competitors and assessment
Company assessmentBroad incumbents
- Greystar Real Estate Partners: The largest operator of student housing in the U.S. with a national portfolio of purpose-built and off-campus student communities. Highly comparable as a large-scale operator of per-bed, individually-leased student apartments.
- Quarterra (Lennar Multifamily): Developer and operator of purpose-built multifamily rental communities, including student-focused product. Comparable in furnishing and amenitized, lease-up rental product near university anchors.
- American Campus Communities: One of the largest publicly-traded (now Blackstone-owned) student housing owners and operators, focused on on- and off-campus communities near major universities. Comparable as a purpose-built, amenitized, per-bed student housing operator.
- Cardinal Group Companies: National student housing and multifamily management company overseeing off-campus student communities with amenitized, per-bed leasing models. Comparable in operating model and target resident.
- Campus Apartments: A long-standing student housing owner, developer, and manager operating off-campus communities across multiple U.S. university markets. Directly comparable as an operator of off-campus, per-bed student apartments.
- Asset Living: Large national property management firm with a significant student housing portfolio across U.S. universities. Comparable as a third-party manager of amenitized student communities on per-bed leases.
- Balfour Beatty Campus Solutions: Developer and operator of student housing communities in partnership with universities, focused on purpose-built communities with individual leases. Comparable in operating student housing near university campuses.
- Landmark Properties: Developer, owner, and operator of high-end student housing communities across the U.S. with amenity-rich, per-bed, individually-leased floor plans. Comparable in product positioning near major universities.
Direct peers
- Hub on Campus: Brand of off-campus student apartment communities offering fully furnished units, per-bed leases, roommate matching, and amenitized clubhouses near universities. Direct product and GTM comparable.
- The Annex Student Living: Operator of purpose-built off-campus student housing communities near universities, offering per-bed individual leases, roommate matching, and amenitized common areas. Closely comparable in target resident and product offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
The Next Apartment financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Next Apartment leadership team
Management profileNumber of profiles
The Next Apartment funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Next Apartment M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Next Apartment
What does The Next Apartment do?
The Next Apartment is a student housing community in Pensacola, FL that leases fully furnished 2, 3, and 4 bedroom shared apartments on a per-bed, individual-lease basis to college students attending the University of West Florida and Pensacola State. The property includes roommate matching services and amenities such as a clubhouse, resort-style pool, and onsite study lounges, with leasing managed through the Entrata property management platform.
Is The Next Apartment a public or private company?
The Next Apartment is a private company. It is classified as unknown and is currently operating.
When was The Next Apartment founded?
The Next Apartment was founded in -1.
Where is The Next Apartment based?
The Next Apartment is headquartered in Pensacola, United States, in the North America region.
How does The Next Apartment make money?
One revenue line is on record: residential Rental Income.
Who are The Next Apartment's main competitors?
Broad incumbents on record are Greystar Real Estate Partners, Quarterra (Lennar Multifamily), American Campus Communities, Cardinal Group Companies, Campus Apartments, Asset Living, Balfour Beatty Campus Solutions and Landmark Properties. Direct peers are Hub on Campus and The Annex Student Living.
Does The Next Apartment have an API?
No public API is recorded for The Next Apartment.
What industry is The Next Apartment in?
The Next Apartment's product category is Student Housing. Its primary akta.pro industry code is THAMAGAC, Off-Campus Shared Student Houses (Room-by-Room), with a secondary code of THAGAEAF, Student/Academic Serviced Residences. Its NAICS code is 532 and its SIC code is 7000.