Project name
The Edge at Georgia Tech (FULLY FUNDED)
Location
The Edge at Georgia Tech, Atlanta, Georgia, USA
Initiator
REALIANCE USA B.V.
Local partner
Category
Student housing – development of 532 student rooms in 187 apartments
Expected investment term
3 to 5 years
Exit strategy
Sale to a third-party investor
Total investment
US$ 60,940,571
Bank loan
US$ 39,594,471
Structure
Direct participation in The Edge at GT Capital LLLP
Participation
Minimum US$ 125,000 excl. 3% emission costs (Total of 531 participations of US$ 25,000)
Projected gross total return
79,2% over 4 years
Projected gross return (ROI)
19,8% per annum
Projected distribution (from the third year)
On average 10% per year
Unique selling points
Georgia Institute of Technology (Georgia Tech) in Midtown Atlanta is well renowned ‘tier-1’ university with 32,723 students. The university has a consistently high ‘ranking’ and has grown significantly from the 29.370 students in 2017.
The development of 187 apartments with 532 student rooms will directly be on the westside of the university campus. The western part of Atlanta develops quickly with the addition of many restaurants and bars.
The complex has a broad mix of 1-, 2-, 3-, and 4-rooms with efficiently designed individual rooms and, for a project in the middle of a big city, an attractive parking ratio of 0,4 per room.
The projected rent level of The Edge at GT is around 15% lower than comparable rooms at the eastside of the university, which makes The Edge at GT a good and affordable alternative for students of Georgia Tech.
The equity will only be utilized if all milestones in the pre-development are reached.
Campus Realty and her managers have an extensive experience in developent, acquisition and management of student housing.
For more information you can reach REALIANCE at +31 (0) 20 21 03 180 or invest@realiance.nl
