JLL Capital Markets announced 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.