GREA’s National Student Housing Group is pleased to announce the sale of The Hudson, a purpose-built student housing community adjacent to the Georgia Southern University campus in Statesboro, Georgia. The 300 unit/780 bed property was sold 100% leased.
The Hudson offers students amenity-rich off-campus housing including: private bedrooms and baths, in-unit washers and dryers, private balconies, a newly renovated clubhouse, a tech bar and student center, 24-hour gym equipped with a boxing ring, weight machines, and Peloton bikes, a resort-style pool with beach-entry, lap pool and spa and an outdoor picnic area with BBQ grills.
Douglas Sitt stated: “Georgia Southern University has incredible go-forward market fundamentals. The school is continuing to grow its enrollment and there are no significant student housing projects in the development pipeline. This enabled us to field competitive offers from a large buyer pool.”
Ken Wellar, Founding Partner at GREA, noted: “ Through our firm’s unique marketing process we were able to get multiple bids and achieve great results for the seller.”
GREA has 11 offices across the United States, making it one of the largest privately-held multifamily brokerage firms in the U.S. GREA offers state-of-the-art proprietary technology, data sharing, and capital sourcing capabilities.
“We have a large pipeline of deals closing this year and look forward to expanding GREA’s national student housing platform,” Sitt added.