The Nest At 1324

What The Nest At 1324 does

The Nest At 1324 is a privately held luxury student housing property located at 1324 N. Broad Street in Philadelphia, Pennsylvania, operating directly above the SEPTA Broad Street Line and within minutes of Temple University's main campus. The asset is operated by Bock Development Group (legal entity: The Nest at 1324 LLC) and offers fully furnished studio, two-bedroom, and three-bedroom units across multiple floor plan models, including 128 three-bedroom apartments in six configurations. Per-student monthly rents range from approximately $749 (shared three-bedroom) to $1,799 (studio), with all major utilities bundled and 12-month leases running August 1 through July 26.

The property's core differentiator is a security architecture that includes a four-tier biometric access system, facial recognition technology at all entrances, elevators, and amenity spaces, a 75-camera surveillance network, and a 24/7 on-site security team. This stack underpins the property's Diamond certification through Temple University's Best Nest program and its public positioning as Temple's safest off-campus student housing option. Supporting amenities include a 24-hour fitness center, study and game lounges, free printing, an outdoor deck with fire pit, and a free private shuttle van running Monday through Friday to multiple campus stops.

Commercially, The Nest runs a direct-to-consumer leasing model with an on-site office, walk-in tours, an online application portal, an AppFolio-based resident portal for rent and maintenance, and a resident events program hosting 1-2 free events per week plus two monthly giveaways. Marketing relies on Facebook, Instagram, the company website, a mailing list, and local partnerships (e.g., a co-branded coffee sleeve program with Richie's Cafe). The GTM is entirely B2C to individual students and their families, with financial aid and student loans accepted as payment. The company has 7 employees, suggesting outsourced or lean operations for a property of this scale.

Name

The Nest At 1324

Legal name

Bock Development Group

Website

https://thenest1324.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

The Nest At 1324 is a privately held luxury student housing property in Philadelphia operated by Bock Development Group, serving Temple University students with fully furnished apartments, biometric security, a 24/7 security team, and a private shuttle to campus.

Ownership category

akta.pro rank

Product category

Student Housing

NAICS

Rooming and Boarding Houses, Dormitories, and Workers' Camps (72131)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Student & Academic Term Monthly Housing (THAMAFAH)

akta.pro secondary industries

Student/Academic Serviced Residences (THAGAEAF), Furnished Monthly Apartments (Urban/Residential) (THAMAFAB)

Keywords

• Student housing rentals
• Luxury apartments
• Furnished apartments
• Off-campus housing
• Residential leasing

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Apartment Rental Revenue: Monthly rental payments from fully furnished studio, two-bedroom, and three-bedroom apartments. Rent is paid monthly with options for annual pre-payment without fees. Students can use financial aid/student loans to cover rent. Lease terms run 12 months from August 1st to July 26th.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

The Nest At 1324 leases fully furnished luxury apartments (studios, two-bedroom, and three-bedroom configurations) to Temple University students on 12-month leases. Rent is collected monthly with all major utilities included, and the property layers on amenities such as a 24-hour fitness center, study lounges, game lounges, an outdoor deck, a private shuttle to campus, roommate matching, and a resident events program, all under a four-tier biometric security system.

Product overview

The Nest At 1324 is a luxury student housing property offering fully furnished apartments near Temple University. The portfolio includes three product lines: Studio apartments (three layout models, starting at $1,749/month), Two-Bedroom apartments (one model, starting at $1,299/student/month), and Three-Bedroom apartments in both shared (double-occupancy, starting at $749/student/month) and private bedroom configurations (starting at $949-$1,249/student/month depending on bathroom access). All units come with in-unit washer/dryer, modern kitchen appliances, flat-screen TV, cable/internet, and water included. The property complements its housing with amenities including a 24-hour fitness center, study lounges, game lounges, private shuttle service to Temple campus, and an active resident events program. The building uses biometric access control with facial recognition technology and key-fob entry for security.

Differentiator

Problem solved

Functional benefit

Products and services

• Studio Apartments
• Two-Bedroom Apartments Fully furnished two-bedroom apartments with one shared bathroom, private bedrooms, shared living spaces, in-unit washer/dryer, and modern kitchen with quartz countertops, offered to Temple University students on 12-month leases. Starting at $1,175 per student per month with utilities bundled.
• Three-Bedroom Shared Apartments Fully furnished three-bedroom apartments with double-occupancy shared bedrooms and two bathrooms across six layout models (3-A through 3-F), totaling 128 units. Starting at $749 per student per month with utilities bundled.
• Three-Bedroom Private Bedroom Apartments Fully furnished three-bedroom apartments offering private bedrooms with either a shared bathroom (starting at $949 per student per month) or a private bathroom (starting at $1,249 per student per month), with premium south-facing Center City views on upper floors.
• 24-Hour Fitness Center On-site fitness facility featuring treadmills, rowers, ellipticals, free weights, yoga machines, and ARC equipment, available 24/7 for residents.
• Study Lounges Four separate study centers and a 24-hour tech center equipped with printers and lounge areas, available to residents for individual or collaborative study.
• Game Lounges Two game lounges with foosball and ping pong tables, plus a third lounge with a big screen TV and fireplace, supporting resident relaxation and community building.
• Private Shuttle Service Free private shuttle van transportation to and from Temple University Main Campus, running Monday through Friday between the building and multiple campus locations.
• Outdoor Patio Space Outdoor deck with fire pit and seating areas, available for residents to reserve at no cost for events, parties, or student organization gatherings.
• Roommate Matching Service Questionnaire-based roommate matching service that pairs incoming residents based on lifestyle, preferences, living habits, and study habits, with pre-move-in communication opportunities.
• Resident Events Program Community-building program hosting 1-2 free resident events per week and two giveaways per month, including paint nights, music video bingo, movie nights, trivia nights, ping pong tournaments, and seasonal celebrations.

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

One partnership is on record.

• Richie's CafeminorGTM or Marketing Partner · 7 February 2025Local cafe partnership where custom coffee sleeves feature The Nest 1324 branding alongside Richie's iconic logo. Celebrates the tradition of students fueling up for class and highlights the deep-rooted connections in Temple's community.

Scale indicators5 records

Recent moves5 records

Expansion highlights2 records

Broad incumbents

• Greystar Real Estate Partners: The largest U.S. operator of student housing (through EdR) and multifamily properties, with thousands of beds under management. Comparable in delivering amenitized, professionally managed student housing, but at vastly greater scale and across dozens of university markets.
• American Campus Communities: Owns and manages the largest portfolio of student housing properties in the U.S., serving students at over 90 university campuses. Comparable in targeting college students with fully furnished, amenity-rich housing near campus, but operates nationally with institutional ownership (now part of Blackstone).

Direct peers

• CA Student Living (CA Ventures): Develops and operates student housing communities across the U.S. with a focus on urban university markets and amenity-rich, fully furnished units. Comparable in targeting rent-by-the-bed economics and academic-year lease structures.
• The Annex Group: Develops and manages purpose-built student housing communities near universities, with a focus on amenitized living and academic-year leases. Operates in similar urban and suburban university markets and targets a comparable renter profile.
• Campus Apartments: Philadelphia-based owner, developer, and manager of student housing serving Temple University, University of Pennsylvania, Drexel, and Jefferson. Most direct local competitor to The Nest, operating multiple purpose-built student properties within walking distance of major Philadelphia campuses.
• Landmark Properties: Develops and manages purpose-built student housing communities, typically serving large state universities with high-end amenities and resort-style features. Operates in similar lease structures and student-focused GTM, though at larger scale and generally in different markets.
• Scion Student Living: Operates and manages purpose-built and converted student housing communities near major U.S. universities, with a focus on amenity-rich, service-oriented properties. Directly comparable to The Nest in offering furnished units, programmed resident events, and lease structures aligned to the academic calendar.

Regional players

• University City Housing (UCH): Philadelphia-focused off-campus student housing operator serving students at Temple, Drexel, Penn, and other local universities. Direct local competitor in the same submarket with a similar furnished, all-inclusive offering to The Nest.

Others

• BlueSky Capital: Acquires and operates student-oriented multifamily housing in close proximity to major U.S. universities. Comparable in rent-by-the-bed student housing model and urban university focus, though generally as a value-add investor rather than a developer.

Emerging players

• Hub Stadium (Campus Advantage): Operates and manages student housing properties on behalf of institutional owners, with a focus on student experience programming and academic-year lease structures. Comparable in service-oriented operating model, though typically as a third-party manager rather than owner.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TheNestat1324
• Instagraminstagram.com/thenestat1324
• LinkedInlinkedin.com/company/the-nest-at-1324

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Nest At 1324