Marcus & Millichap Lists Two Student Housing Sites

Orlando, Fla., and Denton, Texas — Properties are near UCF and UNT campuses.

Zen-Large-webOne of the properties in the five-site Denton, Texas, portfolio recently listed by Marcus & Millichap.Orlando, Fla., and Denton, Texas  — Marcus & Millichap Real Estate Investment Services has acquired the listing for College Suites, a 211-unit, 749-bed student housing project near the University of Central Florida that is ready for final development. The list price is $6.7 million. The 2011 fall enrollment at UCF was 58,656.

“The university provides housing for just 11 percent of its students, and freshmen are not required to live on campus,” said Dorothy Jackman, vice president of investments at Marcus & Millichap’s Tampa, Fla., office.

The company also has received the listing for a five-property student-housing portfolio serving the University of North Texas (UNT) in Denton. The price is open bid, and the properties may be purchased together or separately. All five properties are within walking distance of the university, and each has been partially or completely renovated. Denton is 31 miles north of the Dallas/Ft. Worth International Airport.


 

- Lynn Peisner

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