Gainesville, Fla. — Gainesville Place Apartments is one of the Top 5 largest by-the-bed properties in Gainesville, TCC’s headquarters.
Gainesville, Fla. — The Collier Cos. has acquired its partner’s interest in Gainesville Place Apartments. The buyout coincided with the refinancing of the property and resulted in a recapitalization of the entire community.
“It allowed our partners to exit with positive momentum and allowed The Collier Cos. to add one of the largest and best student housing communities in Gainesville to its core portfolio,” says Eric Heninger, director of asset management at The Collier Cos.
Gainesville Place Apartments is one of the five largest by-the-bed communities in Gainesville, with 1,296 beds. The Collier Cos. says the property’s onsite management and service team at Gainesville Place were responsible for a rapid recovery from the real estate downturn of 2008 and 2009.