Strategic Partnership of Pumphouse Residential Group, WeldenField Development, and SPM Acquires Premier Student Housing Portfolio at University of Georgia and Louisiana State University

Core Insights - A strategic partnership has been formed between Pumphouse Residential Group, WeldenField Development, and SPM to acquire a premium student housing portfolio consisting of two properties near the University of Georgia and Louisiana State University, totaling 444 units and 1,188 beds [1][3][4] Company Overview - Pumphouse Residential Group focuses on acquiring and repositioning student housing assets in strong markets, leveraging over 30 years of combined experience in the sector [9] - WeldenField specializes in property management and multifamily acquisition, with a diverse range of development projects across the nation [10] - SPM, founded in 1977, is a leader in integrated multifamily management, operating over 200 communities across 13 states, and emphasizes a data-driven, resident-centric approach [11] Property Details - The Lodge of Athens features 240 units and 480 beds, located 0.8 miles from UGA, with amenities including a gated community, upgraded clubhouse, and 95% occupancy [5] - Wildwood Baton Rouge consists of 204 units and 708 beds, situated 1.4 miles from LSU, offering resort-style amenities and maintaining a 98% occupancy rate [6] Operational Expertise - SPM's specialized student housing team has over 65 years of collective experience and has managed over $6 billion in student housing operations across 100+ markets [7][8] - The partnership aims to leverage SPM's operational management expertise to enhance property value and resident satisfaction [8]