Sale of Kennesaw State University student housing community closes
JLL Capital Markets closed the sale of 14 SixtyFive near Kennesaw State University
DALLAS, August 30, 2022 – JLL Capital Markets announced today that it has closed the sale of 14 SixtyFive, a 52-unit / 241-bed, brand-new student housing community in Kennesaw, Georgia near Kennesaw State University.
JLL worked on behalf of the seller, Fountain Residential Partners. Nuveen Real Estate acquired the asset.
The boutique-style 14 SixtyFive features fully furnished two-, three-, four- and five-bedroom units with smart televisions, memory foam queen mattresses, stainless steel appliances, wood-style plank flooring, granite countertops, private bathrooms walk-in closets and balconies. Community amenities include study spaces on every floor, a gaming room, a 24-hour fitness center, outdoor kitchen with barbecue grills, a resort-style pool and a study lounge.
Situated at 1465 Shiloh Road, 14 SixtyFive is conveniently located one mile north of campus and provides excellent access to nearby retail and entertainment centers. The community offers walkability to Shiloh Square Shopping Center and the surrounding retail, including Kroger, Starbucks and Walgreens. Additionally, the property is positioned just off of I-75, which connects students directly to the heart of Atlanta in 35 minutes by car.
The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Directors Teddy Leatherman, Stewart Hayes, and Scott Clifton.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit our newsroom.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Fountain Residential Partners
Fountain Residential Partners is a privately held development and asset management company specializing in luxury, mixed-use, and affordable apartment homes in university and collegiate markets across the United States.
About Nuveen Real Estate
Nuveen Real Estate is one of the largest investment managers in the world with $156 billion of assets under management.
Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing.
With over 85 years of real estate investing experience and more than 740 employees* located across 30+ cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.
For further information, please visit us at nuveen.com/realestate.
*Includes 370+ real estate investment professionals, supported by a further 370+ Nuveen employees.
Source: Nuveen, 30 Jun 2022.