CBRE Arranges $31.4 Million Sale of Student Housing Community Near the University of South Florida

Tampa, Fla. — CBRE has arranged the $31.4 million sale of Boardwalk at Morris Bridge, a 146-unit student housing community located near the University of South Florida in Tampa. Michael Regan and Francesco Carriera of CBRE represented both the buyer, NorthEnd Equities, and seller, Buff Management, in the transaction. The property offers two- and four-bedroom fully-furnished units. Shared amenities include a swimming pool, fitness center, movie theater, study room, video game room and a hot tub. The property was 89 percent occupied at the end of July, and rents range from $1,360 to $2,400.