Jonathan Adabi & Todd Robinson Acquire The Laurel Student Housing In Dahlonega For $7.23M

The Laurel Dahlonega is a 76-unit student housing property located at 1 North Grove Street in Dahlonega, Georgia. This asset was acquired for $7,230,000 and encompasses a total of 39,500 square feet, translating to a price per unit of $95,131 and a price per square foot of $183. The property operates in a market characterized by a supply-constrained student housing environment, servicing nearly 8,000 students alongside a university that has seen a 7% compounded enrollment growth since 2021.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $7,230,000
• Units: 76
• Square Footage: 39,500
• Price Per Unit: $95,131
• Price Per Square Foot: $183
• Buyer: Jonathan Adabi & Todd Robinson
• Seller: The Laurel Dahlonega
• Broker Representatives: Chad Brown & Alan Wyatt - Rearden Wyatt

Adabi Capital Partners, in collaboration with Iron Street Capital, is at the forefront of this acquisition, emphasizing its strategic interest in well-located multifamily and purpose-built assets within markets that are scarce in supply but possess strong underlying demand fundamentals. The company is also actively sourcing multifamily, retail, mixed-use, and student housing opportunities across Alabama, Georgia, Florida, Tennessee, Texas, and the Carolinas.