New York, Dec. 14, 2020 (GLOBE NEWSWIRE) — NEW YORK, NY – Vesper Holdings (“Vesper”), a privately-held real estate investment firm based in New York City, is pleased to announce the acquisition of The Indy located in Kennesaw, Georgia. The Indy is Vesper’s second acquisition in the Kennesaw State University (“KSU”) off-campus market. Vesper is one of the largest student housing owners in the State of Georgia with 7 properties spread across 4 university markets. With this latest transaction, Vesper’s student housing portfolio totals approximately 20,000 beds in the U.S.
Built in 2020, The Indy is a 543-bed apartment community that caters to Kennesaw State University students. Located just minutes from campus, The Indy consists of 7-story buildings situated on a 4.2-acre site. The property’s unit mix is comprised of 1, 2, 3, 4 and 5-bedroom floorplans – all with bed-to-bath parity.