Student Quarters Acquires HERE Atlanta Student Housing Tower For $181M

Student Quarters, a student housing asset manager, has acquired HERE Atlanta, a 350-unit, 29-story tower located at 699 Spring Street Northwest in Atlanta, GA. The property was sold by developer/seller CA Ventures for a total of $181 million. The transaction took place on October 5, 2023.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $181,000,000
• Address: 699 Spring Street Northwest, Atlanta, GA
• Market: Atlanta, GA
• Units: 350
• Price Per Unit (PPU): $517,143

Andy Feinour, representing Student Quarters, acted as the buyer in the transaction. The seller was Tom Scott, representing CA Ventures. The lender involved in the deal was American General Life Insurance Co.

It is worth noting that HERE Atlanta is a 350-unit student housing tower, standing 29 stories tall. This acquisition by Student Quarters expands their portfolio in the student housing asset market.