Gainesville, Fla. — CBRE has brokered the sale of Social 28, a 592-bed student housing property located across the street from the University of Florida campus in Gainesville. Nimes Real Estate acquired the community and has partnered with Timberline Real Estate Ventures to begin repositioning efforts. CBRE National Student Housing’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer represented the undisclosed seller in the transaction, in partnership with CBRE Jacksonville Multifamily. Located at 311 SW 13th St., Social 28 offers fully furnished units. Shared amenities include a fitness center with a yoga room; two social lounges; private study rooms; and a rooftop amenity space including a resort-style swimming pool, spa, fireplace and grilling station. “New ownership has the opportunity to drive rental revenue through property enhancements and bring Social 28 in line with newer vintage competitors in this market,” says Fitts with CBRE.
CBRE Brokers Sale of 592-Bed Student Housing Property Near the University of Florida