• Fortress Location
100 Midtown is located pedestrian to Georgia Tech’s flagship campus in Midtown, Atlanta. It has a fortress site location, directly across the street from the University’s northeast entrance and the McCamish Pavilion indoor arena. The Midtown neighborhood is home to many popular retail and nightlife destinations frequented by Georgia Tech students.

• Value-Add Opportunity
Significant rental rate growth is attainable as the property currently rents at a discount to its purpose-built competitors in the Midtown submarket. Value-add opportunities exist in the immediate future to upgrade the underutilized amenity space and in-unit finishes, to further reduce the gap to the top of the market Class-A rents, while still being offered at a discount.

• Below Replacement Cost
With the current and anticipated rising costs of construction, 100 Midtown offers the ability to acquire over 300+ beds adjacent to campus, in an urban infill location, well below the current replacement cost.

• Top Tier University
Georgia Tech’s enrollment growth averaged an impressive 10.3% each year from 2017 through 2021, with an additional 3.3% growth in 2022. Enrollment growth over the six-year period totaled 15,920 students. Future enrollment growth is forecasted to add an additional ~1,400 total students by 2024 (3.1%) according to Axiometrics.

• Record-Setting Enrollment Growth
Georgia Institute of Technology is one of the largest and fastest growing public universities in the U.S., with total Fall 2022 enrollment of 45,296 and full-time enrollment of 23,912 students, representing 3.3% and 5.9% YoY growth, respectively. Georgia Tech total enrollment has more than doubled in the past 10-years, posting record enrollment growth in each of the past 9-years, including full-time undergraduate enrollment growth of 13.2% in the past 5-years. Furthermore, the trend is anticipated to continue as Georgia Tech announced they had a record number of applications – 52,354 – for the first-year class entering in Fall 2023, a 3.4% increase YoY.