TSB Realty completed the sale of The Indy, a 172-unit, 543-bed student housing property located near the Kennesaw State University campus in Marietta, Georgia. Heitman LLC purchased the property on behalf of an institutional investor from a joint venture involving Vesper Holdings.

“The market fundamentals at KSU continue to be incredibly strong—record enrollment trends, impressive rent growth, consistently high occupancy numbers—and The Indy has been a big part of that narrative,” said Randall Calvert with TSB Realty. 

Delivered in 2020, The Indy is situated less than a quarter mile from the southern edge of the Kennesaw State University campus. The property offers a mix of one-, two-, three- and four-bedroom units. Community amenities include a saltwater resort-style pool, 24-hour fitness center, state-of-the-art clubhouse, cyber café with coffee bar, game room, indoor and outdoor rooftop lounge, putting greens, fire pits and more.

The Indy is currently 100% occupied.