Institutional Property Advisors Brokers Sale of Two-Property Student Housing Portfolio: Wildwood Baton Rouge and Lodge of Athens

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Wildwood Baton Rouge
Completed in 2016, Wildwood Baton Rouge is a Class A student housing asset located 1.4 miles from the LSU campus, where en­rollment grew by 37% over the past decade to 41,707 students in fall 2024. “One of the most popular properties in the market, driven by spacious units and resort-style amenities, Wildwood Baton Rouge has consistently been leased to near full occupancy each year since its opening,” said Katz.

Institutional Property Advisors (IPA), a division of Marcus & Millichap, dedicated to serving the company’s institutional clients, announced the sale of a two-property, 1,188-bed student housing portfolio in Baton Rouge, Louisiana and Athens, Georgia. The properties are: Wildwood Baton Rouge, a 204-unit, 708-bed asset near Louisiana State University (LSU) in Baton Rouge, and The Lodge of Athens, a 240-unit, 480-bed student housing property located near the University of Georgia (UGA) in Athens.

“This coveted portfolio presented investors with a compelling opportunity to acquire two well-located and strong performing purpose-built student housing assets with significant upside near two top Power 4 SEC universities,” said Peter Katz, IPA executive managing director. “We want to thank both the seller and buyer for their dedication to completing a timely trade for these two tremendous assets.” Katz, IPA executive managing director, in association with Steve Greer, Marcus & Millichap’s broker of record in Louisiana and John Leonard, Marcus & Millichap’s broker of record in Georgia, represented the seller, a joint venture between Alden Street Capital and an institutional partner, and procured the buyer, Pumphouse Residential Group.

The Lodge of Athens
Built in 2003 and recently renovated, The Lodge of Athens is less than one mile from the UGA campus. “The value-add property captures demand from the more than 43,146 students enrolled at highly ranked UGA, where enrollment has grown by 22.6% over the past decade,” said Katz. “The in-demand, two-bedroom, two-bath property leased up full for the 2025-2026 school year.”

Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.

Institutional Property Advisors (IPA) is a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios.

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