Pierce Education Properties Acquires Two Student Housing Communities in Florida and Georgia

The Commons at Tallahassee is located just north of the Florida State University campus. The Commons at Tallahassee is located just north of the Florida State University campus.

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. 

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