Joint Venture Acquires 876-Bed Community Near the University of Georgia

Athens, Ga. — A joint venture between Pierce Education Properties (PEP) and TH Real Estate has acquired The Connection at Athens, an 876-bed student housing community located near the University of Georgia in Athens.

The garden-style property offers one-, two-, three- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities include a resort-style pool, lap and volleyball pool, an indoor gaming area, a lighted basketball court, tanning bed, 24-hour fitness center and outdoor grill areas. The acquisition was financed with debt provided by Regions Bank. PEP plans to further upgrade units with flat screen televisions.