Houston and Tampa, Fla. — Asset Living has partnered with Trash Butler, a doorstep valet trash and recycling solution, to service its 175,000-unit portfolio. This partnership with Tampa-based Trash Butler will help to keep the company’s communities clean and sanitary while providing residents with an additional amenity, which includes flexible scheduling for service days on a five-to-seven-night basis. “We’re excited to offer our properties and residents an additional amenity through our new partnership with Trash Butler,” says David Walther, chief revenue officer of Houston-based Asset Living. “This is another available service for …
Tallahassee, Fla. — JLL Capital Markets has arranged the sale of a three-property student housing portfolio totaling 1,152 beds near Florida State University in Tallahassee. Stewart Hayes, Scott Clifton and Jack Goldberger of JLL represented the seller, FPA Multifamily, in the disposition of the properties to Ancient City Capital. The portfolio includes the 168-unit The Hub at Tallahassee, the 168-unit The Social 1600 and the 134-unit The Social Tallahassee. The communities feature one-, two-, three- and four-bedroom units with an average unit size of 1,089 square feet. Shared amenities at …
Gainesville, Fla. and Atlanta — PeakMade Real Estate and Blue Vista Capital Management have secured construction financing for two student housing projects located in Florida and Georgia. Developments include Theory Gainesville, an 861-bed student housing community located near the University of Florida in Gainesville; and Theory Interlock, a 674-bed student housing community located near the Georgia Institute of Technology in Atlanta’s West Midtown neighborhood. Construction financing for Theory Gainesville was provided by Square Mile and Pacific Western Bank. Construction financing for Theory Interlock was provided by Truist Bank. Theory Gainesville …
Tampa, Fla. — Commercial Street Partners has received approval for a 576-bed student housing development near the University of Tampa. The 1.8-acre development site was acquired for $11.5 million and is located at 311 N. Newport Ave. The eight-story development is set to offer 150 units in two-, three-, four- and six-bedroom configurations alongside a 303-stall parking structure. Units will offer bed-to-bath parity. Shared amenities are set to include a state-of-the-art fitness center, third-floor swimming pool facing the university, volleyball court, outdoor lounge space and a rooftop lounge. Sean Baird …
Gainesville, Fla. — RISE: A Real Estate Co. has broken ground on Element 34, a 223-unit student housing community located near the University of Florida campus in Gainesville. The 215,000-square-foot property will offer a mix of one- and two-bedroom, furnished and unfurnished units. Shared amenities are set to include a resort-style swimming pool; outdoor grilling space; a club room and lounge; an outdoor kitchenette; gaming tables; a business center with office pods; study rooms; a fitness center; mail center; 24/7 package concierge services; indoor storage; a bike repair station; pet …
Tampa, Fla. — Rittenhouse Realty Advisors (RRA), a member of GREA, has arranged the $38.8 million sale of ULake, a 401-bed student housing community located near the University of South Florida, Tampa. RRA represented the seller, FPA Multifamily, in the disposition of the property to Core Spaces. The community recently underwent renovations and offers a mix of furnished and unfurnished units alongside shared amenities including three resort-style swimming pools, a dog park, fitness center and sand volleyball courts. “The University of South Florida is one the best-performing student housing markets …
Tampa, Fla. — TSB Realty has arranged the sale of Campus Lodge, a 1,067-bed student housing property located near the University of South Florida (USF) campus in Tampa. A joint venture between Coastal Ridge Real Estate and Heitman sold the community to an undisclosed buyer. The property features 312 units in two-, three- and four-bedroom configurations, which were upgraded with quartz countertops, premium light fixtures, brushed nickel finishes, modern appliances and new furniture packages in 2019. Shared amenities at the community include a resort-style swimming pool, clubhouse, 24-hour fitness center, …
Tampa, Fla. — Landmark Properties is set to break ground on The Metropolitan at Tampa, a 760-bed student housing community located within a half-mile of the University of South Florida campus in Tampa. The community will offer studio, one-, two-, three- and four-bedroom, fully furnished units alongside 1,779 square feet of ground-floor retail space. The development site was formerly occupied by a Quality Inn hotel. Located at 2701 E. Fowler Ave., the property will offer shared amenities including a rooftop pool deck, ground floor courtyards, fitness center, 620-space covered parking …
Miami — A joint venture between Landmark Properties, Peninsula U.S. Real Estate and W5 Group is set to begin renovations on The Cloisters, a multifamily community located two blocks from the University of Miami campus. The redevelopment will include renovations to the existing multifamily building located at 5830 SW 57th Ave. and the addition of townhomes on an adjacent property. Upon completion, the community will offer a total of 115 units and 296 bedrooms. Shared amenities at the property will include a renovated resort-style swimming pool, state-of-the-art fitness center and …
Tampa, Fla. — Aspen Heights Partners has broken ground on Aspen Heights Tampa, a cottage-style student housing development located near the University of South Florida. The community will offer 67 two- and three-story, cottage- and townhome-style units. Shared amenities will include a state-of-the-art fitness center, resort-style swimming pool, computer and study center, resident lounge, business center and parking. The community is scheduled for completion in fall 2022. “We’ve been seeing a strong demand in the South Florida market, which has become very attractive to incoming students eager to socialize and …