A US$90 million partnership agreement has been signed for Theory Interlock Complex, a 671-bed student housing project in Georgia. The agreement was signed between Blue Vista Capital Management, LLC and StepStone Real Estate.
Blue Vista is a leading investment management firm that helps investors maximize returns through best-in-class real estate and credit strategies across the risk-return spectrum. StepStone on the other hand, a commercial real estate company providing asset, real estate consultancy and property management services.
Features of 671 Bed Student Housing in Georgia
The Theory Interlock complex will offer fully furnished apartments with one, two, three, four and five bedrooms. There will be private bedrooms, bathrooms, in-unit laundry, and 55-inch smart TVs. Some apartments will also include island kitchens and private balconies. A study room, lounge, club room, rooftop swimming pool, coffee bar and fitness center will be included. There will also be parcel lockers, private study labs and a collaboration space. Two courses will also be available in the community.
PeakMade Real Estatea student housing management company affiliated with Blue Vista, is working on the project alongside SJ Collins Enterprises. The latter is a private commercial real estate and business development company. She has acquired and developed more than 50 retail, mixed-use, multi-family and office projects across the continental United States.
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Implementation of the Theory Interlock complex project is expected to be complete in the summer of 2023. The 671-bed student housing project in Georgia targets Georgia Tech students. According to Jason Schwartz, Managing Director and Co-Head of Blue Vista’s Equity Group, the number of students attending Tech will continue to steadily increase, and Theory Interlock will meet the needs of those seeking top-notch housing.
Plans for Phase 2 of Theory Interlock complex project in Atlanta
A second phase of the Theory Interlock project is in the pipeline. It will be a major mixed-use complex and it will be built in Atlanta. It will include 161 rooms, 349 luxury apartments, 18 townhouses, 70 single-family homes and 105,000 square feet of retail and restaurant space when complete. It will also have 200,000 square feet of technology-focused office space.