ATLANTA-Affiliates of Inland American Communities Group and Ambling University Development Group have acquired 1.44 acres of land at 930 Spring St. in downtown Atlanta in order to develop a student housing tower there.

The parcel was purchased from a partnership between Seven Oaks Co. and Brookdale Group LLC, according to the Atlanta Business Chronicle. Inland and Ambling plan to build a 20-story 706-bed University House that will feature a total of 268 units at the site.

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