Blue Vista Capital Management and StepStone Real Estate (SRE), the real estate arm of private markets investment firm StepStone Group, have formed a $90 million purpose-built student housing partnership.
The co-investment partnership’s first transaction is a new development project at Georgia Tech, Theory Interlock. Theory Interlock is part of the second phase of development at The Interlock, a mixed-use community in West Midtown Atlanta, which includes 200,000 square feet of technology-focused office space, 105,000 square feet for retail and restaurant space, 349 luxury apartments, 18 townhomes, 70 single-family homes and the 161-room Bellyard, a Tribute Portfolio Hotel.
Theory Interlock will connect to the buildings that were recently opened as part of the initial phase of development. The project is being developed with master developer SJ Collins Enterprises and Blue Vista affiliate student housing management company PeakMade Real Estate.
Construction on T