Blue Vista and StepStone Real Estate Form $90 Million Student Housing Co-Investment Partnership, First Investment Made at Georgia Tech
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Wednesday, June 22, 2022
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Blue Vista Capital Management (Blue Vista) and StepStone Real Estate (SRE), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP), today announced a $90 million co-investment partnership to invest in purpose-built student housing.
Key Points:
- Blue Vista Capital Management (Blue Vista) and StepStone Real Estate (SRE), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP), today announced a $90 million co-investment partnership to invest in purpose-built student housing.
- The project is being developed with master developer SJ Collins Enterprises and Blue Vista affiliate student housing management company PeakMade Real Estate (Peak).
- Theory Interlock represents the second student housing development by Peak and Blue Vista at Georgia Tech, following a prior development, Theory Midtown, which was delivered to market in 2020.
- We are excited to be co-investing with best-in-class student housing managers like Blue Vista and PeakMade, he added.