Arrimus Capital Acquires 785-Bed Student Housing Property Near Florida State University

The Forum at Tallahassee features a clubhouse, two-story fitness center, business center, study lounges, swimming pool and an outdoor grilling station. The Forum at Tallahassee features a clubhouse, two-story fitness center, business center, study lounges, swimming pool and an outdoor grilling station.

Tallahassee, Fla. — Arrimus Capital has purchased Forum at Tallahassee, a 785-bed student housing property located roughly one mile from Florida State University’s campus in Tallahassee.

Arrimus Capital acquired the asset from Parkland Development for an undisclosed price. The community offers fully furnished units with granite countertops, stainless steel appliances, wood plank flooring and in-unit washers and dryers. Shared amenities include a clubhouse, two-story fitness center, business center, study lounges, swimming pool and an outdoor grilling station. The property qualifies as a certified green property through Fannie Mae’s Green Globes program. At the time of sale, the property was 99 percent occupied.

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