Stratus Plans Future Growth with Best-in-Class Product
Athens, Georgia, September 21, 2021 – Stratus Development Group announces the sale of The Haven of Athens, a 286-bedroom student housing community in Athens, GA, to Inland Real Estate Acquisitions for an undisclosed sum.
The cottage-style community was completed in Fall 2020 and is situated less than one mile from the University of Georgia campus. It was 100% pre-leased upon completion and is 100% pre-leased for the 2021-2022 school year. Partners Blake Underwood and Jeff Koon began work on the site in 2017.
“We would like to thank all of our employees, contractors, and service providers for working together to deliver a quality product, unique to the Athens market,” Koon said. “The Haven of Athens is situated in a highly desirable location, and offers residents unique, flexible floorplans with premier, modern amenities and state-of-the-art smart home features. The Haven of Athens offered a stabilized Class A investment opportunity in the thriving and nationally recognized University of Georgia market and continues the success of Stratus-built communities.”
The property is conveniently located at 135 Kentucky Circle, near the University of Georgia, downtown Athens, and major highways. Amenities include a resort-style pool, grill and fire pit, bark park, fitness center, clubhouse, nature trails, ample greenspace, covered parking and study rooms. The property includes 93 two-, three- and four-bedroom cottages.