Newmark Arranges Sale of 1,557-Bed Student Housing Community Near Florida State University

Tallahassee, Fla. — Newmark has arranged the sale of Seminole Grand, a 1,557-bed student housing community located near the Florida State University campus in Tallahassee. Ryan Lang, Jack Brett, Ben Harkrider and Avery Klann represented the seller, The Collier Cos., in the disposition of the property to FPA Multifamily. Located at 1505 W. Tharpe St., the garden-style community offers a mix of two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a resort-style swimming pool, fitness center, yoga studio, sound-proof study rooms and a multimedia gaming center. The property also features a bus stop for the Florida State University line. “The focus on affordability, rent price point differentiation and scale in one of the strongest Power 5 markets in the country makes for an excellent execution by the FPA team,” says Lang. “Our team was proud to represent The Collier Cos. in what will be one of the largest single-asset sales, by bed count, of the year.”