Campus Apartments Acquires Monarch 301 Near Georgia Southern University

STATESBORO, Ga. (May 7, 2026) - Campus Apartments announced the acquisition of Monarch 301, a 546-bed student housing property located adjacent to Georgia Southern University in Statesboro, GA. The acquisition, which officially closed on April 30th, expands Campus' holdings in Statesboro, which also include The Hudson - located right next door - and Axis Student Living.

A premier asset in the Statesboro market, Monarch 301 has averaged over 99% occupancy and nearly 9% annual rent growth over the last four years. As of closing, the asset was 99% occupied and among the market leaders in preleasing for AY 26-27.

Located along Main Street just steps from the Georgia Southern academic core, the garden-style property includes 180 units, with a mix of one-, two- and four-bedroom apartments. Amenities include a spacious clubhouse featuring dedicated study spaces, resident lounges, and a 24-hour fitness center, as well as a range of outdoor gathering areas highlighted by a resort-style pool. Additionally, Campus plans to upgrade the property's high-speed internet through Campus Technologies Inc.

"There aren't many properties in the country that can match Monarch 301's recent track record of sustained high occupancy and rent growth," said Daniel I. Bernstein, President and Chief Investment Officer at Campus Apartments. "This investment presents a rare opportunity to combine a core-risk profile with a basis that's well below replacement cost, plus additional upside via operational efficiencies. We're extremely excited to add this deal to our portfolio and grow our presence in the Statesboro marke