PeakMade Real Estate (“Peak”) and Blue Vista Capital Management (“Blue Vista”) recently closed construction financing on Theory Gainesville located just blocks from the University of Florida and Theory Interlock located just west of Georgia Tech in the vibrant West Midtown sub-market. These projects represent a continued expansion of Peak/Blue Vista’s Theory-branded development portfolio in major university markets. Construction financing for Theory Gainesville was provided by Squaremile/Pac-West. Construction financing for Theory Interlock was provided by Truist.
Upon completion, Theory Gainesville will contain 298 units and 861 beds across 4 unique buildings and offer a variety of unit types from studio to five-bedroom and townhome units. The project is in a premier location just northeast of the University of Florida campus and minutes from downtown Gainesville. The fully furnished units will include market leading features and finishes. The project’s robust amenity package will include a rooftop pool and state-of-the art fitness center, large club rooms, numerous study/meeting spaces, and two parking garages with ample scooter and bike parking.
Theory Interlock will contain 240 units and 674 beds in a 7-story mid-rise building offering a variety of unit types from studio to five-bedroom and townhome units. The project is part of the Interlock mixed-use development which is a premier destination in Atlanta’s West Midtown submarket just blocks from Georgia Tech. The project will sit above a new Publix grocery store and be adjacent to other brand name retail and restaurant tenants. The project’s amenities include a rooftop pool and state-of-the-art fitness center, two outdoor courtyards, a spacious 2-story club room, and ample parking, study rooms and meeting spaces.
Both projects are scheduled to open for the Fall 2023 academic year.
“These are tremendous projects within walking distance of two thriving universities. We are extremely excited to continue the growth of the Theory brand and to serve the growing student housing needs in these major university markets.” commented Jeff Githens, President of Development.
“Blue Vista is thrilled to partner with Peak on these two development projects that have been in planning for years. The hard work, dedication and experience of Peak’s development team helped us overcome multiple challenges and complexities and we are now poised to deliver two Class A student housing projects at two of the most prestigious and dynamic universities in the country.” states Jason Schwartz, Managing Principal & Co-Head of Blue Vista Equity Group.
About PeakMade Real Estate
PeakMade Real Estate, based in Atlanta, GA, is a diversified real estate services company, offering property management, development, and consulting services for conventional multifamily and student apartments. PeakMade Real Estate was built to execute on strategies consistent with the goals and long-term investment strategies of its partners. When something is PeakMade, it’s not only built upon expertise and experience, it’s built upon a foundation of community. For more information on PeakMade Real Estate, visit www.peakmade.com.
About Blue Vista
Blue Vista is a leading investment management firm focused on helping investors maximize returns through best-in-class real estate equity and credit strategies across the risk-return spectrum. Blue Vista offers investors the benefits of a vertically integrated platform, complementary strategies managed by experienced teams, and deep expertise as an owner, operator and lender across all property types and various markets in the U.S. and Canada. Since its inception in 2002, the firm has invested over $11.8 billion in total capitalization, with the goal of challenging the status quo, setting high standards and bringing a relationship-based, client-focused approach to real estate investing. For more information, please visit https://bluevistallc.com/.