Investment Sales

Pensacola, Fla. — JLL has arranged the sale of The Edge, a 344-bed student housing property located near the University of West Florida campus in Pensacola. Built in 2017, the community offers 84 fully furnished units in three-, four- and five-bedroom configurations. Shared amenities include a 24-hour fitness center, cyber café, coffee bistro, resort-style pool, grilling area and hammocks. The property was 97 percent leased for the 2024-2025 academic year. Joe Ayers and Cliff Taylor of JLL arranged the disposition on behalf of the seller, Campus Realty Advisors. The buyer and …

Gainesville, Fla. — Centurion Property Group has acquired CANOPY, a 770-bed student housing community located near the University of Florida campus in Gainesville. Built in 2009, the property offers units in a mix of two-, three- and four-bedroom configurations. Shared amenities include a resort-style pool, state-of-the-art fitness center, study lounge, dog park and sand volleyball court. The new ownership plans to begin capital improvements to the property imminently. Newmark brokered the acquisition. The seller and terms of the transaction were not released. 

Fort Myers, Fla. — CAPREIT has acquired Coastal Village, an 800-bed student housing community located near the Florida Gulf Coast University campus in Fort Myers. The acquisition marks the North Bethesda, Maryland-based firm’s entrance into the student housing sector. Coastal Village was developed in 2004 at 19401 Skidmore Way and offers fully furnished units in four-bedroom configurations. Shared amenities include a pool, fire pit, resident lounge, coffee bar, private study spaces and a fitness center. “The relatively consistent and reliable demand in the student housing sector, combined with our desire to …