Smith, Gambrell & Russell advised longtime client Place Properties LP on its participation in the development of two new apartment complexes for college students in Ohio and Texas.
The Place/BV Student Housing Fund LLC developed two properties, one near the University of Texas at San Antonio and the second near Wright State University in Fairborn, Ohio. Both properties are expected to open in about a year. The Place/BV Student Housing is a joint venture between Place Properties and Blue Vista Capital Management of Chicago.
Partner Mac Young and associate Jon Gallant were lead counsel on both developments, Young said. They worked with Place Properties Senior Counsel Jennifer Hill. Young and Gallant also advised Atlanta-based Place Properties on the formation of The Place/BV Student Housing joint venture.