PAOLI, PA — TSB Realty, LLC successfully completed the sale of 100 Midtown, a 118-unit, 330-bed luxury student housing property located near the Georgia Tech campus in downtown Atlanta, Georgia. Pope & Land Real Estate purchased the property from an undisclosed seller.
In addition to TSB Realty brokering the sale, TSB Capital Advisors acted as the consultant for the acquisition financing with First Carolina Bank.
“This is a property in an absolutely perfect location, with loads of potential for added value in a market that’s otherwise difficult to enter,” said Timothy S. Bradley, a principal with TSB Realty and the founder of TSB Capital Advisors. “It’s a testament to everyone at Pope & Land and First Carolina Bank that we were able to get this transaction done so efficiently.”
Located in Atlanta’s popular Midtown neighborhood and across the street from the northeast entrance to Georgia Tech’s main campus, the property offers fully furnished two- and four-bedroom floorplans. Community amenities include a fitness center, clubhouse, film lounge, business center, and private study rooms. Originally developed in 1968, 100 Midtown was repositioned as a student housing property in 2004. It is currently 98% occupied.
Pope & Land Real Estate is an Atlanta-based development and investment firm with more than 45 years of experience in the southeastern United States. Pope & Land specializes in the development, acquisition, and management of commercial real estate properties, including office buildings, mixed-use developments, industrial spaces, student housing, and retail properties, among others.
First Carolina Bank is a North Carolina state-chartered bank headquartered in Rocky Mount, North Carolina, with approximately $2.8 billion in total assets as of April 30, 2024. First Carolina Bank has full-service banking offices in: Rocky Mount, Raleigh, Wilmington, Cary and Reidsville, North Carolina; Virginia Beach, Virginia; Columbia and Greenville, South Carolina; and Atlanta, Georgia.
TSB Realty is a full-service, national investment sales firm specializing in the valuation and disposition of student housing communities and conventional multifamily communities. Since inception in 2014, the Paoli, Pennsylvania-based firm has closed over $9.2 billion in student housing sales for a diverse client base, encompassing more than 70,000 beds from tier 1 markets to tertiary markets.
TSB Capital Advisors is the national leader in student housing and multifamily real estate advisory services, with offices in Phoenix, Arizona (headquarters) and Paoli. Since its creation in 2009, TSB Capital Advisors has helped close over 500 deals and more than $60 billion in student housing and multifamily transactions.
