Kutak Rock LLP served as bond counsel in connection with the issuance by the Development Authority of Fulton County of approximately $144 million of its Student Housing Revenue Bonds (Madrone-MS Student Housing I, LLC Project), Series 2026, the proceeds of which were loaned to Madrone-MS Student Housing I, LLC, the sole member of which is Madrone Community Development Corporation, a 501(c)(3) organization, for the purpose of financing the costs of constructing new student housing facilities consisting of approximately 800 beds to be located immediately adjacent to the campuses of Morehouse College and Spelman College in Atlanta, Georgia.  Each of the Colleges has agreed to support the student housing facilities pursuant to the terms of its affiliation agreement with Madrone-MS Student Housing I, LLC.

Tom Lauth, Matthias Edrich and Ashton Bligh worked on this transaction.