Athens, Ga. and Tallahassee, Fla. — Pierce Education Properties L.P. has acquired two student housing communities located in Florida and Georgia.
Acquisitions include The Commons at Tallahassee, a 732-bed community located just north of the Florida State University campus in Tallahassee; and The Reserve at Athens, a 612-bed community located near the University of Georgia campus in Athens, Georgia. KeyBank Real Estate provided debt financing for both acquisitions.
Amenities at The Commons at Tallahassee include a resort-style swimming pool and hot tub; a lighted tennis court; a 24-hour, state-of-the-art fitness center; an outdoor basketball court; an upgraded game room; and high speed wireless internet.
Amenities at The Reserve at Athens include a resort-style saltwater swimming pool with a hot tub and sun deck; cook-out and lounge areas; a 24-hour, state-of-the-art fitness center; an outdoor basketball court; a lighted tennis court; a game room; a dedicated “Night Life Shuttle” service to downtown Athens; and high speed wireless internet.