Vesper Holdings Acquires Two Communities Near the University of West Georgia

River Pointe offers 504 beds near the University of West Georgia in Carrollton. River Pointe offers 504 beds near the University of West Georgia in Carrollton.

Carrolton, Ga. — Vesper Holdings has acquired two student housing communities located near the University of West Georgia campus in Carrolton.

Acquisitions include the 336-bed Carrollton Crossing, and the 504-bed River Pointe community. Carrollton Crossing offers four-bedroom units with bed-to-bath parity. Shared amenities include a fitness center, community lounge, coffee station, business center, study room and grilling areas.

River Pointe offers two- and four-bedroom units. Shared amenities including a swimming pool, tennis and volleyball courts, tanning, a fitness center, lounge and game room and a computer center. Vesper intends to allocate $3.15 million towards upfront property improvements. Peter Katz, executive managing director of IPA Student Housing, represented the undisclosed seller in the transaction.

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