Radnor Property Group and Madrone Foundation Close $147 Million Student Housing Deal in Atlanta

July 22, 2026 - 19:24

Radnor Property Group, working alongside Madrone Community Development Foundation, has secured financing for a major student housing project in Atlanta's West End neighborhood. The deal closed on July 1, 2026, with the sale of nearly $147 million in bonds issued by the Development Authority of Fulton County.

The project aims to deliver high-quality, affordable housing options for students in the area. The financing includes both tax-exempt and taxable bonds, totaling $146,763,475. This structure allows the development to keep rents more manageable while still meeting construction and operational costs.

The West End location is strategic, placing students close to local colleges and transit options. The development is expected to ease pressure on the surrounding housing market, which has seen rising rents and limited availability for student renters in recent years.

Radnor Property Group has a track record of developing student housing projects across the country. Madrone Community Development Foundation focuses on community-centered projects that prioritize affordability and long-term neighborhood stability. Their partnership on this Atlanta project reflects a growing trend of combining private development expertise with nonprofit mission-driven goals.

Construction is expected to begin soon, with completion targeted for the 2028 academic year. The project will include a mix of unit types, common areas, and amenities designed for student life. Local officials have expressed support, noting that the development addresses a clear need for more housing options near campus areas.