Student Housing Property for Sale - The Courtyards, Gainesville FL

THE COURTYARDS (Click here for more info) Gainesville, Florida Type: Student Housing Multifamily Size: 91 Units/ 375 Beds Price: $18,000,000

• Irreplaceable Real Estate Directly Across the Street from the University of Florida – Tigert Hall (Main Admin Bldg)
• Strong Historical Occupancies
• 100% Leased with Parental Guarantees
• No Concessions
• Yearly Rental Rate Increases have Average of 5% for Past Five Years
• Potential for Future Redevelopment as an Urban Mixed Use (Retail + Apartments). Zoning Allows Retail/Restaurant Uses in Addition to (up to) 100 Residential Units Per Acre
• Portfolio of Four Additional Student Housing Properties Available Totaling 336 Units/ 754 Beds

Colleges on Limited Budgets Brace for Population Growth

The following article was recently published by the Chronicle of Higher Education. Student Housing Investors may want to explore some of the markets mentioned in this article as future acquisition targets...

Thirty-eight students graduated in May from Georgia Gwinnett College, which opened in 2006. State lawmakers expect that, in five years, the institution will have an enrollment of about 10,000, as the state's college-going population skyrockets.

The college-age population across the entire South Atlantic is growing rapidly, and having a new four-year college with lots of room to expand is highly unusual. Most states are struggling to support their often-overcrowded public colleges, let alone paying to open new ones.

More students than ever applied to South Atlantic colleges this year, at a time when institutions are becoming more expensive and more selective, shifting pressure to community colleges with open-door admissions policies.

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