ATLANTA (January 22, 2019) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce the firm served as legal counsel to Campus Realty Advisors, LLC in its joint venture to acquire four student housing projects located in Washington, Texas, Tennessee, and Georgia. The purchase expands Campus Realty’s student housing operations into a national footprint. SGR also assisted with the acquisition financing obtained through a combination of equity from the joint venture participants, which also includes T2 Capital Management and Realiance International Real Estate Partners.
Serving the Central Washington University community, The Verge at Ellensburg is a 192-apartment unit student housing project located in Ellensburg, Washington. The Verge at Nacogdoches, serving the Stephen F. Austin State University community, has 260 student housing apartment units in Nacogdoches, Texas. Located in Clarksville, Tennessee, The Verge at Clarksville serves the Austin Peay State University community with 208 student apartment units. The Grove at Statesboro, located in Statesboro, Georgia, includes 200 student apartments to serve the Georgia Southern University community.
The joint venture will immediately invest significant additional capital into making improvements to unit interiors and amenities to cater to the needs of today’s students and to boost cash flow.
About Campus Realty Advisors, LLC
Campus Realty Advisors is a boutique investment and development company focused on creating value in off-campus student housing. Campus Realty identifies college markets and properties that offer significant profit potential for its partners and then executes strategic market specific plans to capitalize on the opportunities. Visit www.campusrealtyadvisors.com for more information.
About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s more than 225 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction and employment law. Founded in 1893, SGR has offices in Atlanta, Austin, Jacksonville, London, Los Angeles, Miami, Munich, New York, Southampton, and Washington, D.C.