Located within the Georgia State University urban campus, this 685-bed student housing tower was developed through a joint-venture of ELV and a valued development partner with expertise in the industry. Completed ahead of schedule and on budget in June 2019, and with two market-leading full lease-ups for the 2020 and 2021 academic years, the asset was sold to a private equity investment firm specializing in student housing. ELV’s LP equity investment of $22.3 million yielded attractive results over a four-year period of development, leasing and exit.
