Cushman & Wakefield Arranges Student Housing Sale on Behalf of Stratus Development Group
Monday, September 20th, 2021
Stratus Development Group announces the sale of The Haven of Athens, a 286-bedroom community in Athens, Georgia, near the University of Georgia.
Travis Prince, Shawn Lubic and Victoria Marks of Cushman & Wakefield’s Student Housing Capital Markets Group, along with Cushman & Wakefield’s Sunbelt Advisory Group, represented the seller, Stratus Development Group, in the transaction.
“This newly constructed, cottage-style community is situated in a highly desirable location, offering residents unique flexible floorplans and includes premier and modern amenities and state-of-the-art smart home features,” Prince said. “The property completed construction in Fall 2020 and delivered at 100% occupancy and has since achieved 100% prelease for Fall 2021. The Haven offered a stabilized Class A investment opportunity in the thriving and nationally recognized University of Georgia market.”
Located at 135 Kentucky Circle, the property sits under one mile from the University of Georgia campus. Amenities include a resort-style pool, grill and fire pit, bark park, fitness center, clubhouse and study rooms. The property includes 93 two-, three- and four-bedroom cottages.