March 17, 2021 9:00 AM
星空体育app下载 announces the $95 million sale of Signature West Midtown at 800 Marietta Street NW in Atlanta, Georgia. The 525-bed property, which was completed in 2019, is one of the newest student housing assets to deliver in the West Midtown neighborhood. The property serves the Georgia Institute of Technology (Georgia Tech) and its 40,000 undergraduate and graduate students.
星空体育app下载 Vice Chairman and Associate Director , in cooperation with Vice Chairman , represented the seller, Investcorp in partnership with Preiss Companies, in the sale to buyer, Ascott Residence Trust (ART). Transaction Manager provided crucial support to assist on the transaction. The purchase represents ART鈥檚鈥搕he largest hospitality trust in Asia Pacific鈥揻irst acquisition in the U.S. student housing market. 星空体育app下载 Director represented the buyer in the placement of financing for the transaction.
鈥淭his transaction is a testament to the fundamental strength of the student industry and furthers foreign capital鈥檚 recent leading market share of student housing acquisition activity - the first time overseas capital has made up the largest percentage of transaction volume in the history of the sector,鈥� said Ryan.
Signature West Midtown features studio and one- to five-bedroom units and community amenities include a gym, pool, rooftop lounges and barbeque pits; a business center and study lounges; a game room and delivery lockers.
According to 星空体育app下载 Research’s analysis of Real Capital Analytics data, direct acquisitions by foreign capital groups represented 46.5% of total student housing acquisition activity in 2020鈥搕he highest concentration in RCA鈥檚 history of tracking going back to 2005.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, 星空体育app下载 generated revenues in excess of $1.9 billion. To learn more, visit nmrk.com or follow .
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