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As an alternative CRE investment, consider this 402-bed/210 Unit student housing complex in Columbus, Georgia. Located just five minutes from the local university, this asset provides a value-add proposition, coupled with a long-term demand and amenities desired by incoming students.
It was built in 2007 and renovated with a 95% occupancy rate. A savvy investor can manage future improvements and rental appreciation. There is a 50% tax abatement incentive, and the possibility to convert these to “market rate apartments.” Best of all, the property has immediate highway access in a richly developed retail corridor. Call for pricing and investment return.
– Steve Massell, Massell Commercial Real Estate