PeakMade Real Estate Opens Second Phase of Theory Gainesville Near University of Florida

ATLANTA, GA. | March 18, 2024 – PeakMade Real Estate (“Peak”) and Blue Vista Capital Management (“Blue Vista”) have successfully completed the construction and opening of Theory Gainesville’s second phase near the University of Florida. The 532-bed first phase completed ahead of schedule and welcomed its first residents in August 2023.  The additional 329-bed second phase welcomed its first residents in January 2024.  With the completion of both phases, Theory Gainesville is now a 298 unit/861-bed community.

The property offers studios through 5-bedroom apartment homes and townhomes that come fully furnished with market leading features and finishes.  The property’s robust amenity package includes a state-of-the-art roof-top fitness center, a roof-top pool with outdoor jumbotron theater, an academic lounge with individual and group study rooms, podcast rooms, a large club room, multiple outdoor courtyards, and ample parking.

Theory Gainesville is ideally located within a few blocks of the University of Florida campus and the University Avenue corridor providing convenient access to UF and downtown Gainesville.  The property is over 95% occupied in phase 1 and is over 80% pre-leased for phase 1 and 2 for the 2024-2025 academic year.

“Theory Gainesville is a great addition to the University of Florida off-campus housing market and a tremendous execution of an on-time and on-budget delivery,” commented Jeff Githens, President of Development.

“The completion of the final phase of Theory Gainesville represents the culmination of years of effort to bring this project to fruition, in partnership with the PeakMade team, with whom we have now successfully partnered with for well over a decade on student housing developments all across the country,” said Jason Schwartz, Managing Principal and Co-Head of Equity Group at Blue Vista Capital Management. “We are deeply grateful to Jeff and the rest of the team for persevering through an always eventful development process to ultimately deliver such a stunning institutional property into the Gainesville market.”

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 Chicago-based 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 $13.3 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/.