Hackberry Lane Expands National Portfolio with Acquisition of Two Premier Student Housing Properties

ANN ARBOR, Mich. and BLACKSBURG, Va., Sept. 30, 2024  – Hackberry Lane (formerly Havenly Ventures), a vertically integrated real estate investment firm specializing in student housing, today announced the strategic acquisition of two premier student housing properties: Geddes Hill Apartments near the University of Michigan in Ann Arbor, MI and The Row near Virginia Tech in Blacksburg, VA. These acquisitions, totaling approximately 200 beds, mark a significant expansion of Hackberry Lane's national footprint in top-tier university markets.

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Geddes Hill Apartments, located just a short walk from the University of Michigan campus, offers 123 beds and is designed to provide students with comfortable, affordable living options in a prime location.

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In Blacksburg, VA, Hackberry Lane has acquired The Row, a 52-bed student housing property known for its spacious floor plans and high-end finishes. Conveniently located within walking distance of Virginia Tech, The Row offers students a premium living experience in close proximity to campus.

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"We're thrilled to welcome Geddes Hill and The Row to Hackberry Lane's growing student housing portfolio," said Reid Marks, Co-Founder and CEO of Hackberry Lane. "Our focus remains on acquiring and revitalizing student housing in markets where there's a significant gap between supply and demand. The strong, consistent demand for well-located, pedestrian-oriented housing near campuses with growing enrollment presents a unique opportunity to deliver exceptional, risk-adjusted returns to our investors."

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These latest acquisitions highlight Hackberry Lane’s commitment to becoming a national leader in student housing by focusing on well-positioned properties near major universities. The company plans to invest in both Geddes Hill and The Row to enhance their appeal, ensuring that students enjoy not only convenience but also a sense of community, comfort, and security.