HFF Secures $34M Loan for Georgia Student Housing Community
The company worked on behalf of owner IMS Development to arrange the 10-year, fixed-rate loan through a national bank.
by Evelina Croitoru
The Hamptons
Statesboro,Ga.—HFF has announced that it has secured $33.5 million in permanent financing for The Hamptons, a cottage-style student housing community serving Georgia Southern University in Statesboro, Ga. The company worked on behalf of IMS Development to arrange the 10-year fixed-rate loan through a national bank.
Located at 350 Rucker Lane, the 668-bed student housing community completed in 2015 features 117 Tudor-style cottages and 120 residential flats. The cottages offer a mix of two-, three-, four- and five-bedroom floor plans with one- and two- apartment-style flats within the gated community.
Property amenities include a washer and dryer, private bathroom for each bedroom, walk-in closets, stainless steel appliances and granite countertops. In addition, the community features a 10,000-square-foot clubhouse with a café, business center, resident study room, fitness center, steam rooms, cardio room with Fitness on Demand™, game room, bicycle rentals and tanning beds. Other amenities include include a resort-style swimming pool with an 80-yard lazy river, sand volleyball court, bocce ball court, two dog parks and separate study lounge.
Image courtesy of hamptonsgsu.com
