CCI Real Estate, a real estate investment company centered on missional impact and community transformation, announced today that it has closed a $67 million construction loan to advance the redevelopment of the Baptist Collegiate Ministries (BCM) building at the University of Georgia (UGA) in Athens, Georgia. Developed in partnership with the Georgia Baptist Mission Board (GBMB), the project, called 290 Lumpkin, will deliver new multifamily, retail and gathering spaces to a prime location on UGA’s campus.

“This marks a significant milestone in CCI’s vision to breathe new life into BCM’s presence at UGA, with a purpose-driven destination in the heart of Athens,” said Jeff Warwick, CEO at CCI. “Beyond apartments and retail space, this development aims to support students holistically by providing both housing and a place for building community, with faith-based connection at the forefront of planning. We are thankful to Affinius and GBMB for furthering progress on this project, and we are eager to share more details on this development in the near future.”

Collaborating with Lance Thurman of Atlanta-based capital advisor Summerhill CRE, CCI chose Affinius Capital (a merger of USAA Real Estate and Square Mile Capital) to provide construction financing for the project.

“This development aligns with our strategy of financing high-quality student housing with top-tier sponsorship at leading universities,” said Tyler Figley, senior vice president at Affinius. “The project's location in the heart of campus makes this an attractive opportunity to deliver purpose-built student housing and will be well-positioned to capitalize on the continued growth of the University of Georgia. We are thrilled to be partnering with CCI on this transaction.

Originally housed at 450 S Lumpkin St., BCM has been active on UGA’s campus since 1961. The student-led ministry will relocate to the new development at 290 S Lumpkin St., which is located on the southern corner of Wray Street and South Lumpkin Street.

Once completed, the eight-story development will offer 243 one- and two-bedroom apartments totaling 353 beds, a 356-space parking deck, a rooftop amenity deck, a student lounge, offices and new ministry spaces capable of accommodating over 500 people for conferences and meetings. At the street level, there will be a coffee house, fitness center and additional retail offerings.

Construction on 290 Lumpkin has already begun, with completion estimated for June 2027. CCI has selected New South Construction as the general contractor for the project.