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Radnor Property Group, Madrone Community Development Foundation reach financial close on $147m student housing development in Atlanta
Transactions - JULY 23, 2026

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Radnor Property Group, Madrone Community Development Foundation reach financial close on $147m student housing development in Atlanta

by Released

Radnor Property Group, in partnership with Madrone Community Development Foundation, has reached financial close on a transformative $147 million student housing development in the West End neighborhood of Atlanta. Financing closed on July 1, 2026, with the completed sale of $146.76 million in tax-exempt and taxable bonds issued by the Development Authority of Fulton County (DAFC). This milestone advances a major investment in high-quality, affordable housing that will bring long‑term benefits and provide modern, community-oriented living to hundreds of Atlanta University Center Consortium (AUCC) students.

Located at 850 West End Ave — a key campus corridor on the edge of the campuses for Morehouse and Spelman Colleges — the community will deliver 793 beds across 305 apartment-style units. Amenities include a 24/7 staffed lobby, outdoor recreation space, a fitness room, community lounges, bike storage, dog run and study rooms.

The program will comprise of studio,

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