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 will offer 298 fully furnished units across four buildings with shared amenities including a rooftop swimming pool, state-of-the-art fitness center, club room, study spaces and two parking garages
Theory Interlock will offer 240 units in a mix of studio through five-bedroom floor plans. The seven-story building is set to feature shared amenities including a Publix grocery store on the ground floor, rooftop swimming pool, state-of-the-art fitness center, two outdoor courtyards, a two-story club room, study rooms and meeting spaces. Both projects are scheduled for completion ahead of the fall 2023 semester.