Develop Fulton Okays $144M in Bonds for Student Housing
The Development Authority of Fulton County (Develop Fulton) approved more than $144 million in bond financing for a 290-unit development at 850 West End Ave. SW. The Atlanta Business Journal reports the development would accommodate about 800 residents, with a focus on students at historically Black colleges.
Morehouse and Spelman selected a real estate team to deliver the new housing, which is set to rise across the street from Morehouse’s B.T. Harvey Stadium. The partners include Radnor Property Group and Madrone Community Development Foundation.
Enrollment has grown by approximately 25% over the past five years, placing an additional 1,100 students on the campuses.
The 450,000-square-foot facility will feature a community lounge, shared gathering spaces, central green space, rooftop terrace, fitness center and dedicated study areas. Construction is expected to begin in summer 2026, with delivery in fall 2028.
Rent would likely run $1,200 per bed per month.
Other News
HSL Purchases 180-Unit Tucson Rental Community
HSL Properties paid $31.85 million for the Luma Apartments, a 180-unit project at 2600 W. Ina in Tucson, according to Real Estate Daily News. The sale comes out to just over $175,000 per unit. The seller was Village at The Foothills Owner LLC, of Beverly Hills, California, which can be traced to MC Residential in...
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ARCTRUST, Edison Equity Teaming Up on 175-Unit Austin-Area 55+ Community
ARCTRUST Private Capital and Edison Equity Residential broke ground on Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas. The groundbreaking follows the August closing of the project’s construction loan, provided by North River Partners. This project follows the duo’s effort on Serenova at Woodforest, which broke ground in October 2025. Located adjacent to...
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RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout