US - Jacksonville, FL
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present The Village at West Georgia (the “Property” or “Village”), a 40-unit / 136-bed student housing community in Carrollton, GA which is 45 minutes from downtown Atlanta. The cottage-style Property is the closest community to the University of West Georgia (the “University” or “UWG”) with strong fundamentals.
Completed in 2013, the Property consists of 20 residential buildings, one clubhouse, and more than one off-street parking space per bed, a highly sought-after student amenity. A network of paved walkways connect the townhomes directly to West Georgia Drive, which acts as UWG’s campus boundary. Both the 2-bedroom and 4-bedroom floorplans offer private bathrooms as well as an additional half bathroom
for guests, creating over 100% bed-bath parity.
The University of West Georgia is one of the 28 institutions within the University System of Georgia, which had a $10 billion annual operating budget and contributed $20 billion to Georgia’s economy last year.
The Village at West Georgia is being offered with an attractive $6M assumable loan at a 4.77% fixed rate and 6 years of term remaining. The Property and its accompanying debt offers investors a turn-key investment with outsized returns compared with the less-favorable leverage that’s available today.
Attractive Assumable Debt Financing
Strong In-Place Occupancy
Remarkable Preleasing Velocity & Rent Growth
Mark-To-Market Rent Opportunity
Turn-Key Investment Opportunity