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Florida & Gulf Coast  + North Florida  + Student Housing  | 

Ancient City Capital Acquires Three-Property Student Housing Portfolio near FSU

JLL has closed the sale of a three-property, 470-unit and 1,152-bed student housing portfolio near Florida State University in Tallahassee, FL.

Stewart Hayes, Scott Clifton and Jack Goldberger of JLL represented the seller, FPA Multifamily. Ancient City Capital acquired the asset.

The portfolio includes the 168-unit The Hub at Tallahassee, the 168-unit The Social 1600 and the 134-unit The Social Tallahassee.  All three properties are located less than one mile from campus and are proximate to downtown Tallahassee. Additionally, residents have easy access to Target, Walgreens, CVS and popular restaurants near the communities.

“We are encouraged by the future growth prospects at Florida State University that will only benefit the student housing market in Tallahassee,” said Hayes. “This portfolio transaction demonstrates the liquidity for student housing properties in the high-growth, sunbelt region of the United States and further underpins the strong fundamentals in the sector as a whole.”

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JLL's Hayes

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition