Gainesville, Fla. — CA Student Living has acquired Midtown Apartments, a 589-bed student housing community located near the University of Florida in Gainesville.
The property offers studio through four-bedroom, fully furnished units. Shared amenities include an arcade, a theater, fitness center, entertainment courtyard and lounge, study rooms and 15,000 square feet of ground floor retail space. A CIM Group-managed fund provided financing for the acquisition, which was arranged by CBRE.
“Midtown Apartments is a fantastic addition to our student housing portfolio as we continue to expand our presence in Gainesville — a high conviction market where we have already achieved development and operational success,” says Mike Hung, senior vice president of acquisition CA Student Living.