Pierce Buys Student Housing Community near Georgia Tech for $28 Million

Atlanta — The fully furnished community features two- and four-bedroom units, each equipped with modern appliances and private washers and dryers. 

Pierce Education Properties (PEP) has purchased 100 Midtown, an off-campus student housing community serving Georgia Institute of Technology and Georgia State University students, for $28 million. KeyBank provided debt financing of $14.3 million. 100 Midtown is a 330-bed, 118-unit community located across from the Georgia Tech campus in the heart of midtown Atlanta. The fully furnished community features two- and four-bedroom units, each equipped with modern appliances and private washers and dryers. PEP will be adding large, flat-screen TVs in every unit. Property amenities include a 24-hour state-of-the-art fitness center, movie theater, computer lab, video gaming room, conference room and study rooms. 100 Midtown also houses a very popular Chinese restaurant on-site, Chinese Buddha. 

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