– Wide Product Offering & Market Leading Amenities
The Indy is currently 100% occupied and 52% preleased as of the end of December 2024, generating 8% rent growth for AY 25-26, YoY. The Indy has been one of the market’s best-performing assets, offering a comprehensive amenity package that encourages students to socialize and succeed while attending KSU. The Property will continue to attract a wide audience due to the variety of fully furnished unit types, featuring one through five-bedroom options. The apartments feature 9-foot ceilings, hardwood-style flooring, spacious kitchens with ample storage, stainless steel appliances, private bedrooms and bathrooms, high-speed internet, full-size washers and dryers, fully equipped kitchens, nest thermostats, and 55-inch smart TVs for every unit. Community amenities at The Indy include a resort-style saltwater pool, 24-hour fitness center, indoor & outdoor rooftop lounge, game room, hammock garden, outdoor kitchen with fire pits, bike repair station, and electric car charging stations.

– Strong Market Fundamentals
The Kennesaw State University market currently has 15 off-campus properties tracked by Axiometrics, which reported an average occupancy of 98.8% in AY 22-23, 98.9% in AY 23-24, and 95% as of December 2024. The Kennesaw PBSH market is pre-leased at 38%. In addition, the KSU student housing purpose-built market has seen an average rent growth of 6.7% and 3.6% for AY 23-24 and AY 24-25, respectively. Currently, the KSU market includes one PBSH property under construction with another two in the planning pipeline.

– Ultra Defensible Location Next to Campus Tier 1 University With Record Enrollment
Kennesaw State University’s enrollment for AY 24-25 is 47,845 students. The figure represents 86% enrollment growth since Fall 2014. This rapid expansion aligns with a 105% increase in applications during the same period. KSU is Georgia’s second-largest university and attracts students from over 92 countries. To support and sustain this growth, KSU is implementing its “Taking Flight Plan,” a new strategic initiative aimed at enhancing enrollment, boosting academic success, and preparing the university for future expansion. Additionally, the acceptance rate has decreased by nearly 10% since 2019, highlighting the school’s increased selectivity. KSU will be switching to Division I athletics in 2024 as a part of Conference USA.

– Transformative Campus Projects
Kennesaw State University is advancing its campus infrastructure with major projects set for completion by 2025. A $12.3 million renovation of Stillwell Stadium is underway, featuring new turf, expanded seating for 1,500, and upgraded media facilities to align with KSU’s move to Conference USA in the 2024-25 academic year. The university also recently broke ground on a 70,000-square-foot Interdisciplinary STEM Building on the Marietta campus, set to open in Fall 2025. This facility will house advanced labs, including wet and dry labs, a high-bay lab, and a cybersecurity lab, creating collaborative research space across multiple disciplines. Sustained institutional investment will help to drive future enrollment growth and academic prestige.