Arches on the Lake offers a rare opportunity to acquire a 772‑bed, recently renovated student housing community near UGA, where enrollment has grown 12.1 percent in the last 5 years. With $7.18M in CapEx improvements, occupancy above 95 percent, and renovated units achieving meaningful rent premiums, the asset provides clear value‑add upside, and long‑term rent growth potential.
BUILT IN 1992 and recently renovated, Arches on the Lake is a 242-unit, 772-bed, purpose-built student housing community serving the University of Georgia (UGA) in Athens. Just minutes from campus and on the UGA bus route, it offers fully furnished two- and four-bedroom apartments in a lakeside setting near Athens’ retail, dining, and entertainment.
With classic and recently renovated apartments, spacious layouts, private bedrooms, ample parking, pet‑friendly policies, and refreshed amenities, this garden‑style property is a competitive, affordable alternative to newer core projects closer to campus.
Situated with easy bike, car, or bus access to the University of Georgia, Arches on the Lake attracts value‑conscious students seeking quality housing near campus, combining a lakeside setting with renovated interiors and extensive outdoor amenities.
Despite new higher‑priced supply in Athens, the property has remained more than 95 percent occupied by offering renovated units at lower rents with more substantial amenities and outdoor space, preserving its value advantage over new deliveries.
The property is currently 99 percent occupied and 95 percent preleased for the 2026-2027 school year.