Georgia

Villas-Rio

Atlanta — PeakMade Real Estate is set to retire its Peak Campus and PeakMade Communities brands, operating under one name for both its student housing and multifamily platforms. This strategy will allow the company to grow vertically as an integrated real estate services firm, while retaining the legacy of its initial brands. The Atlanta-based company will also launch a new website and consolidated social media platforms. “When we established PeakMade Real Estate, it was always our goal to create a consistent approach to how we work in all aspects of …

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Athens, Ga. — Landmark Properties and Blackstone Real Estate Income Trust Inc. (BREIT) have acquired a four-property student housing portfolio totaling 2,248 beds. The sale is part of a joint venture announced in August 2021 for the two companies to purchase student housing properties across the U.S. Property details and the seller were undisclosed. TSB Capital Advisors acted as financial advisor to both Landmark Properties and BREIT in the transaction.  “Landmark is excited to expand its relationship with Blackstone through the acquisition of this portfolio of core assets at universities …

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Lincoln-UGA

Athens, Ga. — Lincoln Ventures has closed on the development site for 558 West Broad, a 750-bed community located near the University of Georgia campus in Athens. The 600,000-square-foot property will offer 342 units in one- to five-bedroom floor plans.  Shared amenities will include a full-service coffee shop; swimming pool and wellness center; a residential lounge, private study rooms and a study lounge; a fitness center with yoga and spin studios; bike storage; and a pet grooming station.  “Our proximity to the University of Georgia — one of the largest …

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The-Hudson

Statesboro, Ga. — Campus Apartments has acquired The Hudson, a 780-bed student housing community located near Georgia Southern University in Statesboro.  The garden-style property offers studio, one-, two-, three- and four-bedroom units. Shared amenities include a newly-renovated clubhouse, 24-hour fitness center and a resort-style swimming pool. Campus Apartments plans to invest over $900,000 in capital improvements to the community, which are slated to begin during the second quarter of this year. “We’re very familiar with the Statesboro market, and are thrilled to acquire this pedestrian-to-campus asset,” says Mark Schundler, executive vice …

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Mike-Sharpenberg

Atlanta — PeakMade Real Estate has promoted Mike Sharpenberg to the role of senior director of financial planning and analysis (FP&A). In his new role, Sharpenberg will support and advise on company-wide initiatives while providing oversight to the FP&A team. He joined the Atlanta-based company’s accounting team in December 2012, and has held a number of positions including senior financial analyst, manager of FP&A and director of FP&A. “Mike quickly demonstrated a sound business and financial acumen, along with a solid command and in-depth understanding of our business,” says Wendy …

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Justin-Hu

Athens, Ga. — Landmark Properties has hired Justin Hu as managing director of investment management.  In his new role, Hu will work closely with Landmark’s new build-to-rent (BTR) division and be responsible for structuring joint ventures, closing on new investments and managing the owner-operator’s BTR portfolio. As part of the company’s growing acquisition strategy, Hu will also manage a portion of Landmark’s student housing portfolio.  “Further developing our build-to-rent and investment management platforms through the addition of the industry’s top talent is a top priority for Landmark,” says Wes Rogers, …

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Bixby

Kennesaw, Ga. — PeakMade Real Estate has been awarded management of Bixby Kennesaw, a 665-bed student housing community located near the Kennesaw State University campus in Georgia.  The property offers studio through five-bedroom fully furnished units. Shared amenities include a sky lounge overlooking the university’s Fifth Third Bank Stadium; a courtyard with a swimming pool and outdoor grilling area; 24-hour study lounge; private study rooms; a gaming room; fitness center; and computer lab.  ”We are thrilled to add Bixby Kennesaw to our growing portfolio,” says Casey Petersen, COO at PeakMade. …

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Maureen-Lannon

Atlanta — Benson Integrated Marketing Solutions has hired Maureen Lannon as director of sales for student housing. In her new role, Lannon will be responsible for developing and implementing strategies to cultivate and secure long-term relationships within the student housing industry. Prior to joining Benson, Lannon served as the senior vice president of marketing for Pierce Education Properties and as national director of sales and marketing for Greystar. “Maureen’s unique leadership experience in the industry will help us to differentiate and foster rich partnerships with our customers,” says Kim Grisvard, …

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Hamptons-Statesboro

Statesboro, Ga. — Marcus & Millichap has arranged the $43.7 million sale of The Hamptons, a 668-bed student housing community located near Georgia Southern University in Statesboro. Patrick Mullowney and Joel Dumes of Marcus & Millichap represented the seller, IMS Development, and procured the buyer, Redstone Capital Partners, in the transaction. Built in 2015, the 71-building property offers cottage and garden-style units with bed-to-bath parity. Shared amenities include a clubhouse, 24-hour fitness center, tanning beds, a resort-style swimming pool with a lazy river, sand volleyball court, fire pits and walking …

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Kennesaw, Ga. — TSB Realty has arranged the disposition of Bixby Kennesaw, a 656-bed student housing community located near the Kennesaw State University campus in Georgia, on behalf of Gilbane Development Co. The property offers a mix of studio, one-, two-, three-, four- and five-bedroom units. Shared amenities include a heated saltwater swimming pool, outdoor courtyard with fire pits, 24-hour fitness center and a rooftop terrace overlooking the university’s football stadium. TSB Capital Advisors helped to secure acquisition financing on behalf of the buyer, an undisclosed joint venture partnership. 

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