On October 21, 2025, Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced that it had arranged the sale of a premium student housing portfolio comprising 444 units and 1,188 beds. The portfolio consists of two properties: The Lodge of Athens, a 240‑unit, 480‑bed complex located 0.8 miles from the University of Georgia campus, and Wildwood Baton Rouge, a 204‑unit, 708‑bed complex situated 1.4 miles from Louisiana State University.
The Lodge of Athens is operating at 95% occupancy and features upgraded amenities such as a gated community, modernized clubhouse, new pool area, fitness center, shuttle service to campus, and a new computer lab. Wildwood Baton Rouge maintains a 98% occupancy rate and offers resort‑style amenities including a pool with cabanas, an outdoor fitness center, a “Gameday” room, a cyber café, 24/7 study areas, and fully furnished apartments with smart TVs and private patios.
This transaction underscores IPA’s role as a key broker for institutional‑grade student housing and highlights MMI’s strategic presence in high‑demand university markets. The partnership—comprising Pumphouse Residential Group, WeldenField Development, and SPM—leverages acquisition expertise, investment capital, and specialized operational management to create value for investors and residents alike. The sale represents a significant revenue opportunity for MMI and expands its portfolio in the growing student housing sector.
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