Property details
Student Housing Portfolio For Sale, Southeast Region
Property Description
Student Housing Portfolio For Sale
Confidential, Off-Market Opportunity to work directly with the owner.
Student Housing Portfolio consisting of 350 units
4 complexes in Georgia.
2 complexes in North Carolina.
These complexes are located in tertiary markets.
The complexes in NC could be considered value add. Not the ones in GA.
These assets can be sold separately, however, the owner prefers to sell as one portfolio.
In GA, there are 453 beds, all within 0.2-1.25 miles of campus two campuses.
Combined purchase price would be around $35MM, with assumable debt of $20.6MM (must be assumed).
One College has 6,022 undergraduates.
The other college has 8,260 undergraduates.
In NC, 672 beds, within 0.0-0.25 miles of campus.
Combined purchase price of $30MM with new debt or $28MM with assumable debt of~$15.8MM.
6,353 undergrads as of Fall 2019.
Total enrollment is ~8,000 (planned expansion to 10K by 2023).
Images
Highlights
- Status:
- Available
- Price:
- $65,000,000
Property Information
- Property Type:
- Student Housing
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 350
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.