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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Investment Sales
Detroit Office 260 East Brown Street Suite 150 Birmingham, MI 48009
Victoria Marks Director 678.388.2511 victoria.marks@berkadia.com FL DRE SL 3237085
Aaron Moll Managing Director 248.208.0529
aaron.moll@berkadia.com
98%
PRELEASE
100%
AY '24/'25 Occupancy
$1,291
WTD. AVG. RATE AY ‘25/’26
2022
YEAR BUILT
CONTACT
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INVESTMENt HIGHLIGHTS
1 ROBUST POWER 5 UNIVERSITY Home to the University of Georgia, one of the Southeast’s most powerful Tier 1 institutions, this market continues to see consistent year-over-year growth. UGA’s record-breaking enrollment and nationally celebrated athletic programs are driving strong and increasing demand from students across the country.
36
Total Units
123
Total Beds
2 IRREPLACEABLE ON CAMPUS LOCATION This property boasts an irreplaceable on-campus location, widely considered the most premier in the market. Situated on South Lumpkin Street, it sits directly across from the UGA Quad, placing it at the heart of campus activity and offering unmatched convenience and visibility for students.
3 OUTSTANDING YOY PROPERTY PERFORMANCE The property has demonstrated outstanding year-over-year performance since its delivery in 2022, maintaining 100% occupancy each year. It has consistently outpaced the market in lease-up velocity while also achieving strong year-over-year rent growth, highlighting its desirability and operational strength.
4 UNIQUE PROPERTY ATTRIBUTES & UPSIDE The property offers a unique combination of property attributes and value-enhancing upside. Key features include a ground lease with the Episcopal Church, a chaplain service agreement, a UGA license agreement, and a rooftop cell lease. Additionally, future tax savings, increased parking revenue, and reduced cable contract costs present compelling opportunities to drive net operating income and long-term value.
Athens & University of Georgia
Located about an hour northeast of Atlanta, Athens is a vibrant college town with a strong 2025 economic outlook. Job growth stands at 2.0% year-over-year, reflecting steady expansion supported by diverse industries, continued investment, and the stabilizing presence of the University of Georgia.
UGA offers 200+ majors and academic programs in a wide range of disciplines, and has approximately 38,920 students and 10,856 faculty and staff. Since 2014, UGA has experienced a 10.57% increase in overall enrollment. Officials indicate the university has an economic impact of $6.5 Billion in the state of Georgia. Chartered by the Georgia General Assembly in 1785, UGA is America’s first state-chartered university and the birthplace of the American system of public higher education. UGA continues to positively influence the Athens economy through both funds and employment. Increased state funding and rising student enrollment bode well for sustained growth at Athens’
flagship campus.
Office Addresses
Mortgage Banking
Chicago Office 125 South Wacker Drive, Ste 400 Chicago, IL 60606
Tampa Office 4890 W. Kennedy Boulevard Suite 940 Tampa, FL 33609
Kevin Larimer
Senior Managing Director 248.341.3305 kevin.larimer@berkadia.com MI DRE 6501259415
Travis Prince
Senior Managing Director 813.739.0993 travis.prince@berkadia.com FL DRE BK3113158
Judy MacManus Managing Director – Broker of Record GA DRE #H-65559
Steve Skok Managing Director 312.845.5164
steve.skok@berkadia.com
Peter Benedetto Senior Managing Director 248.208.3462 peter.benedetto@berkadia.com
Trevor Friday Director 248.341.3307 trevor.friday@berkadia.com
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5 SIGNIFICANT RENT UPSIDE OPPORTUNITY The property has shown stable year-over-year performance, offering potential for future rental growth. Current rates are over $185/bed lower than direct comparables, presenting an opportunity to enhance returns through strategic rent adjustments while remaining competitive.
Atlanta Office Three Alliance Center 3550 Lenox Road Suite 2600 Atlanta, GA 30326