CA Student Living Acquires Two Student Housing Communities Totaling 972 Beds

Athens, Ga. and Boca Raton, Fla. — CA Student Living has acquired two student housing communities in Georgia and Florida for an undisclosed price. Acquisitions include Ikon at Athens, a 374-bed property located near the University of Georgia campus in Athens; and University Park, a 598-bed community located near Florida Atlantic University in Boca Raton. Ikon at Athens offers two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a resort-style swimming pool, an outdoor spa, a 24-hour fitness center and a business center and coffee cafe. University Park offers two-, three- and four-bedroom, fully furnished units with bed-to-bath parity alongside communal amenities including a resort-style swimming pool, state-of-the-art fitness center, clubhouse and study rooms. Both communities will be managed by CA’s in-house property management platform. The company was represented by Chicago-based law firm Polsinelli and retained Newmark’s vice chairman and head of its student housing group, Ryan Lang, to broker the transaction. The seller was undisclosed.