Le Lézard
Classified in: Business
Subjects: PDT, JVN

Construction Under Way for New Student Housing Next to Georgia Tech in West Midtown Atlanta

ATLANTA, Nov. 12, 2019 /PRNewswire/ -- Through a joint venture, Campus Realty Advisors has started construction of Catalyst, a new purpose built student housing community adjacent to the campus of Georgia Tech in West Midtown Atlanta.  The community will cater to students at the University.  The project is expected to be completed and open for occupancy for the start of the Fall semester in 2021.

Ground Breaking Ceremony for Catalyst-Midtown.

Catalyst will provide students a safe, convenient place to live that is a just short walk to all areas of campus and within just steps of a trolley and bus stop. The property will have 187 apartment units including 532 bedrooms, and each bedroom will have its own bathroom.  It will offer top of the market amenities including a commercial quality fitness center, multiple study rooms in each building, club rooms with collaboration and game areas, a STEM lab, a bike shop and storage area, a sky deck with views of the Atlanta skyline, three relaxing courtyards, a swimming pool deck with grilling and gathering areas, 24-hour package delivery lockers and convenient ride-share pick-up.

Realiance and T2 Capital Management have partnered with Campus Realty in the development.  Realiance is a Dutch investment group headquartered in Amsterdam and T2 is a privately held real estate investment firm based in Wheaton, Illinois.  Campus Realty is based in Atlanta and will oversee the development and asset management of the property.

Jeff Brown of T2 noted that "This opportunity fits squarely within our strategy.  This is the best location for off-campus student housing in the Georgia Tech market.  We're working with Campus Realty on similar properties in other markets, and this type of location and product offering is always in high demand."  Alf Span of Realiance added "We're excited to offer Georgia Tech students the location and amenities that will help them excel in their campus life."  Randy Herron, a Principal with Campus Realty, commented "Our approach is to find properties that are walkable to campus and build communities specifically to meet the needs of the university's students. We look forward to creating a quality living and learning experience for our residents and value for our partners."

T2 Capital Management focuses on providing capital to transitional and opportunistic middle-market commercial real estate assets throughout the United States. T2 provides capital structured as bridge loans, mezzanine loans, preferred equity, and joint venture equity. 

REALIANCE invests in the development, acquisition, and renovation of real estate propositions in economically stable growth markets in the United States, Europe and Brazil.  Realiance has established a programmatic investment strategy with Campus Realty for the development and acquisition of student housing in the United States.

Campus Realty Advisors is a boutique real estate investment and development company focused on creating value in off-campus student housing.  Campus Realty identifies strong college markets and properties that offer significant profit potential for its investment partners and delivers quality living experiences for students.


Catalyst-Midtown Northside Drive corner view.

SOURCE Campus Realty Advisors

These press releases may also interest you

at 15:18
Hospitality tabletop & buffet solutions leader Steelite International is pleased to announce the recent distribution agreement made with Bormioli Rocco to distribute and market their glassware and accessories in the UKI market. Steelite International...

at 15:09
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 70 cents a share on the company's common stock. The dividend is payable March 10, 2020, to shareholders of record as of Feb. 10, 2020, and is...

at 15:05
OPUS ONE Resources Inc. (the "Company" or "OPUS ONE") ? , is pleased to provide an update following the first closing of its current private placement (the "Offering") for gross proceeds of $460,000 (see the Company's press release dated December 31,...

at 15:05
ADTRAN, Inc. announced today that the Company will release its financial results for the fourth quarter 2019 after market close on Wednesday, February 5, 2020. The Company will conduct a conference call on Thursday, February 6, 2020 to discuss the...

at 15:01
Duff & Phelps Investment Management Co. today announced that David D. Grumhaus, Jr., executive managing director, will become co-chief investment officer, effective February 1, 2020. Grumhaus will share responsibility for leading Duff & Phelps...

at 15:00
The outbreak of a mysterious new Coronavirus in China and other Asian countries is causing hundreds to fall ill and has travelers questioning if it is safe to visit the affected areas. Travel insurance comparison site, Squaremouth, warns travelers...

News published on 12 november 2019 at 16:56 and distributed by: