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Cottage Row Student Housing

In July 2020, Saxum Real Estate acquired Cottage Row, a 1,087-bed student housing complex located 1.5 miles from Georgia Southern University (GSU) in Statesboro, GA. At time of acquisition, Cottage Row was 100% leased for the upcoming school year at below-market rents. The property, which was built in 2013, was acquired at a discount to replacement cost and represents the unique opportunity to reposition a modern student housing complex that has experienced ample leasing velocity into best-in-class student housing product. Existing amenities include a 24-hour fitness center, a California-style pool, full-court volleyball, movie theater, private shuttle service, tanning bed and computer lab.

Saxum acquired Cottage Row in partnership with Ash Real Estate, XFD Real Estate Partners and Anchor Real Estate Capital. The partnership will be making several capital improvements to the complex, including upgrading the clubhouse, unit interior flooring and adding additional outdoor amenities. When complete, the renovations will position Cottage Row as one of the highest quality student housing options for GSU’s students.