Seahawk Cove Student Living

Seahawk Cove is a purpose-built student housing community located at 615, 617, 619, & 623 S. Kerr Avenue in Wilmington, North Carolina, serving the University of North Carolina Wilmington (UNCW). The asset comprises 48 units and 144 beds in a three-bedroom, three-bathroom configuration, designed for student demand.

Constructed in 2017 with a completed second phase in 2023, the property offers modern construction with limited near-term capital requirements. Seahawk Cove is currently ~87% occupied, reflecting stable leasing performance aligned with academic cycles.

The offering presents an opportunity to acquire a stabilized asset with in-place income and demonstrated rent growth. The property benefits from consistent UNCW enrollment, a highly desirable infill location near campus, and limited competing supply. Seahawk Cove is well-positioned for student housing investors, regional private equity, and 1031 exchange buyers seeking durable cash flow and long-term upside in a supply-constrained market.