Rishi Kapoor's Investcorp Acquires West 22 Student Housing Near Kennesaw State University For $89.7M

Investcorp has acquired the West 22 student housing complex, located at 3615 Cherokee Street Northwest near Kennesaw State University in Kennesaw, GA. The property consists of 245 units and was sold for a total of $89.7 million, with an approximate rate of $100,000 per bed. The transaction took place on November 6, 2023.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $89,700,000
• Bed: 850 ~ Price per Bed (PPB): $105,529
• Units: 245 ~ Price per Unit (PPU): $366,122

Rishi Kapoor, representing Investcorp, was the buyer in this transaction. The West 22 student housing complex offers a valuable investment opportunity due to its proximity to Kennesaw State University.