ATLANTA, GA – Starlight U.S. Multi-Family announced that it has bought The Heights at Sugarloaf, a 330-unit, Class “A”, garden style, multi-family property completed in 2017, and located in Atlanta, Georgia. 

Atlanta is one of the fastest growing metropolitan areas in the United States, having experienced population growth of 7.8% from 2010-2015, and is currently the fifth largest city in the United States by population. Recent data from the U.S. Census Bureau shows that population growth continues to be sustainable as Atlanta posted the 4th largest population growth in the country in 2016, attributed in large part to the significant employment opportunities. Atlanta houses the headquarters for some of the world’s largest corporations, such as Coca-Cola, Home Depot, UPS and Delta Airlines, in addition to the recently relocated Mercedes-Benz and State Farm headquarters. Forbes recently ranked Atlanta as the 9th best place in the United States for business and careers. 

Heights at Sugarloaf is ideally located at the heart of Atlanta’s country club crescent, which is one of the nation’s most affluent bedroom communities surrounded by lifestyle retail destinations, and within 30 minutes from each of North Atlanta’s largest employment corridor, downtown Atlanta, downtown Duluth, and downtown Suwanee. Heights at Sugarloaf is the focal point of the Sugarloaf Market development, which is a 30-acre mixed-use development with Heights at Sugarloaf as the only multi-family component. The development will also feature 80,000 square feet of commercial space including a national grocery retail anchor tenant and a future seniors’ housing building. 

Heights at Sugarloaf is a luxury complex consisting of five, three and four-storey garden style apartment buildings, offering top of the market amenities including an elegant clubhouse, a fully equipped fitness centre with pool views, a business centre with computers, and a package concierge system. Outdoor amenities include a resort-style swimming pool with Wi-Fi, gas grilling stations, a courtyard with park benches and a dog park.

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BOISE, ID – EdR, one of the nation’s largest developers, owners and managers of high quality collegiate housing communities, celebrated the grand opening of Honors College and Sawtooth Hall, a new residence hall on the campus of Boise State University which opened in August. In 2017, EdR will add nearly $300 million in assets to its owned portfolio and deliver nearly $100 million in third-party developments.

EdR is leasing the land from the university and owns the 656-bed community through its ONE PlanSM program.  The five-tale, 236,000 square foot building is centrally located on campus directly across from the Student Union. Designed with both the growing number of honors students and first-year students in mind, the dedicated Honors living-learning center and first-year housing community features 235 two- and four-person private and semi-private suite-style units. A number of apartment-style units are also included to provide alternatives for upper-division students in the Honors College. The building includes classrooms, study lounges, Honors offices and dining facilities along with robust internet capabilities and Wi-Fi access to accommodate the Honors College which has seen its number of applicants grow from 350 applicants to 750 applicants in the last year alone.

“The new building helped drive that explosive growth, and it provides a first-rate facility to take our program to another level of distinction,” said Boise State Honors College Dean Andrew Finstuen. “Students already report a fantastic experience in the new building, commenting on its central location, brilliant classroom space, stunning views and modern style, and newly opened dining facility.”

EdR has financed the Honors College and Sawtooth Hall through its On Campus Equity Plot — The ONE PlanSM — which uses the company’s equity and financial stability to fund projects on university land. This program gives the university access to a single trusted partner and helps make substantial long-term financial benefits for Boise State and EdR. By using EdR’s equity for the housing revitalization, Boise State remains able to focus its financial and organizational resources on other projects and campus enhancements.

“We look forward to a long and productive partnership with Boise State,” said Randy Churchey, EdR’s CEO. “The commitment and forethought of the administration here at Boise State to modernize student housing and the on-campus living experience, through the Honors College and Sawtooth Hall, demonstrates the dedication they have to student success.”

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