Georgia

PeakMade-Hires

Atlanta — PeakMade Real Estate has announced the promotion of Ashly Poyer and Alaina Jackson to key leadership positions within the Atlanta-based firm.  Poyer has been promoted to vice president of sales and marketing. In her newly expanded role, Poyer will continue to drive the company’s sales and leasing strategy. She will also be responsible for PeakMade’s property and portfolio marketing support, providing leadership to the company’s digital and web marketing, customer experience, communications and creative marketing teams.  Poyer is also chair of Peak Link — the company’s diversity, equity …

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Medfield, Mass. and Athens, Ga. — Tour24 has signed a deal with Landmark Properties to provide self-guided tours across the Athens-based company’s 57,000-bed portfolio. Medfield, Massachusetts-based Tour24 is a mobile app offering custom interactive audio/visual property tours.  “Landmark is excited to launch portfolio-wide access to self-guided tours via the Tour24 platform,” says Executive Vice President of Marketing and Management Services Rob Dinwiddie.  “We are committed to offering flexible tour experience options to our future residents and the Tour24 platform allows us to leverage technology to supplement our in-person tour efforts …

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Chris-Warner

Atlanta — PeakMade Real Estate has hired Chris Warner as director of client services. In his new position, Warner will focus on growing the company’s third party management platform. Prior to joining the Atlanta-based development and property management firm, Warner served as senior associate in Marcus & Millichap’s Manhattan office. “I’m thrilled to expand the Client Services team and give our clients access to a resource with a strong background in multifamily brokerage like Chris,” says Mark Winkelmann, vice president of PeakMade. “I’m confident that our current and future clients …

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Theory-Interlock

Atlanta — Blue Vista Capital Management and StepStone Real Estate, the real estate arm of investment firm StepStone Group, have announced a $90 million co-investment partnership with a focus on purpose-built student housing.  The partnership’s first investment will be Theory Interlock, a student housing development currently underway by Blue Vista and PeakMade Real Estate in Atlanta. Theory Interlock will offer 240 units in a mix of studio through five-bedroom floor plans near Georgia Tech. The seven-story building is set to feature shared amenities including a Publix grocery store on the …

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Theory-Interlock

Gainesville, Fla. and Atlanta — PeakMade Real Estate and Blue Vista Capital Management have secured construction financing for two student housing projects located in Florida and Georgia. Developments include Theory Gainesville, an 861-bed student housing community located near the University of Florida in Gainesville; and Theory Interlock, a 674-bed student housing community located near the Georgia Institute of Technology in Atlanta’s West Midtown neighborhood. Construction financing for Theory Gainesville was provided by Square Mile and Pacific Western Bank. Construction financing for Theory Interlock was provided by Truist Bank.  Theory Gainesville …

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Vesper-Acquisition

New York City — Vesper Holdings has acquired a four-property student housing portfolio totaling 2,761 beds for $240 million.  Acquisitions include a 635-bed community located near Indiana University; a 699-bed community located near the University of Kentucky; a 736-bed community located near Kennesaw State University; and a 691-bed community located near Virginia Commonwealth University. Jaclyn Fitts of CBRE negotiated the transaction on behalf of the undisclosed seller.  “Our acquisition of this student housing portfolio is part of a strategy to purchase best-in-market student housing properties that offer our investors superior …

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Timbercrest

Carrollton, Ga. — Aspen Square Management has acquired Timbercrest at Carrollton, a 792-bed student housing community located near the University of West Georgia in Carrollton.  Sean Baird of Colliers arranged the acquisition of the property from DoubleLine Capital for an undisclosed price. The community was 87 percent occupied at the time of sale and offers shared amenities including a swimming pool, basketball courts and a courtyard. The new ownership plans to convert the community into traditional multifamily.  “The competitive landscape favors student housing communities that are within an easy walk …

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Athens, Ga. — Landmark Properties has formed a joint venture with a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) initially targeting $1 billion in investment. The venture will be focused on acquiring and operating value-add student housing properties in select markets across the U.S.  “Landmark and ADIA have been aligned from the start of our relationship, seeing tremendous opportunity in top-tier student housing markets,” says Wes Rogers, president and CEO of Athens, Georgia-based Landmark. “We are confident we can find acquisition targets across the nation that will complement …

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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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