Priderock Capital Partners, represented by David Khoury, has acquired The Connection at Athens, a student housing property located at 255 The Preserve Drive in Athens, Georgia. The property comprises 341 units and 876 beds and was sold by Frederick W. Pierce of Pierce Education Properties and Mike Sales of Nuveen Real Estate. The transaction was facilitated by Casey Schaefer, Jaclyn Fitts, Kevin Geiger, Shea Campbell, and William Vonderfecht of CBRE. The sale price for the property was $68.5 million.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $68,500,000
• Units: 341
• Price Per Unit: $200,880
• Beds: 876
• Price Per Bed: $78,196

Detailed information about the parties involved in the transaction includes David Khoury representing the buyer, Priderock Capital Partners, and Frederick W. Pierce and Mike Sales as the sellers. CBRE brokers, Casey Schaefer, Jaclyn Fitts, Kevin Geiger, Shea Campbell, and William Vonderfecht, played a key role in facilitating the deal between the parties.