University Partners Buys $68M Georgia Student Community

State Street Bank and Trust Co. provided a $39 million acquisition loan.

University Partners has paid $67.5 million for The William, a 164-unit, 370-bed student housing community in Athens, Ga., according to public records. William Fideli Investments was the seller, Yardi Matrix reports.

Newmark brokered the deal and arranged a $39 million acquisition loan originated by State Street Bank and Trust Co. that matures in 2031, public records shows.

The community came online in 2022 and encompasses studio, one-, two-, three- and four-bedroom floorplans, ranging from 384 to 1,390 square feet. The fully furnished apartments feature granite countertops, washers, dryers and private bathrooms, along with terrace balconies in select layouts.

Common-area amenities at the almost 2-acre property include a clubhouse, fitness center, rooftop terrace with swimming pool, patio and oasis lounge, private courtyard, cardio studio and study spaces.

The property is at 230 N. Finley St., within walking distance of the University of Georgia campus and downtown Athens, while Sanford Stadium and Beechwood Shopping Center are within 2 miles. The William is also roughly 1 mile from Charme on Georgia Ave., a 291-unit student housing project that broke ground last month.

The Newmark team that arranged the deal and secured the financing comprised Vice Chair Ryan Lang, Managing Director Jack Brett, Directors Ben Harkrider and Trent Houchin, along with Executive Managing Director Ben Roelke and Senior Managing Director Ian Walker. Walker, Houchin and Roelke were also part of the group that arranged an acquisition loan for Texan 26, a 204-bed student asset that changed hands in January.

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