Broad Street Realty to acquire Midtown Row mixed-use property for $122M cash

Broad Street Realty, Inc.

Purchase price $122M cash for 240 student housing units (620 beds) and 63,573 sq ft retail.
Seller BBL Current Owner LLC; CEO Michael Jacoby and other insiders have indirect ownership and expect ~$1.4M aggregate at closing.
Closing expected by end of Q2 2022, subject to customary conditions.
Company served as development manager and continues as property manager for the recently completed development.

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