Signet Real Estate Group has sold Deacon Place, a student housing community in Winston-Salem, N.C. The property serves those attending Wake Forest University. FourPoint Student Housing Investments represented the seller in the transaction.
Located at 2410 Whicker Acres Lane, the property offers 82 four-bedroom units ranging from 1,542 to 1,886 square feet. According to Yardi Matrix, the asset features 10 two- and three-story buildings, situated across 12.8 acres. As of October, the community was at a 97.6 percent occupancy. Interior features of the fully-furnished units include private bathrooms, keyless entry, in-unit washer/dryer, hardwood-style flooring, carpeted bedrooms, granite countertops and stainless steel appliances. Residents of the pet friendly community have access to amenities including:
- resort-style luxury pool
- study lounge
- complimentary Wi-Fi
- 24-hour fitness room
- outdoor entertainment area
- gas grill and fire pit
- putting green
FourPoint’s Principals Chris Epp and Chris Bancroft, Director of Private Client Services Meredith Wolff and Director of Capital Markets Craig Miller, led the sales effort of Deacon Place.
In May, Marcus & Millichap arranged the $20.9 million sale of Deacon Rental Properties, another student housing community located in Winston-Salem. Mission Bay Investments purchased the property.
Image courtesy of FourPoint Student Housing Investments