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Florida & Gulf Coast  + Student Housing  |  February 12, 2021
David Cohen
By: David Cohen

Newmark Brokers Sale of 840-Bed Student Housing Asset in Orlando

Newmark has arranged the sale of Mercury 3100, a 228-unit, 840-bed student housing asset located nearby the University of Central Florida in Orlando. The sales price was not disclosed.

Mercury 3100 offers modern amenities including a sun deck, resort-style pool, basketball court, 24-hour fitness gym and a computer center. The University of Central Florida boasts an enrollment of over 71,948 students for Fall 2020, making it the largest university by enrollment in Florida and one of the largest universities in the nation.

Newmark vice chairman and head of the firm’s Student Housing Group Ryan Lang along with associate director Jack Brett and senior managing director Scott Ramey represented the seller, Investcorp, a global real estate investment manager, in the transaction. New York-based Blackstone Real Estate Services acquired the property.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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