Athens, Ga. — Zargo Invest has acquired Farmer’s Exchange, a 121-bed student housing community located near the University of Georgia campus in Athens, for $8.4 million.
The name of the seller was undisclosed. Zargo plans to invest $1 million in renovations, to include interior and exterior painting; the installation of smart security systems in units; the development of a new business center and lounge; and the installation of security cameras. CollegeTown Properties has been tapped to manage the community. A timeline for development has yet to be announced.