Gainesville, Fla. — Pierce Education Properties L.P. has acquired The Pavilion on 62nd, a 990-bed student housing community located just west of the University of Florida campus in Gainesville.
The 312-unit, garden-style community offers two-, three- and four-bedroom, fully furnished units with bed to bath parity, full sized appliances, washers and dryers and balconies. Community amenities include two resort-style pools, a 24-hour, state-of-the-art fitness center, an outdoor basketball court, an upgraded game room and high speed Internet access. The property also serves Santa Fe College. KeyBank Real Estate provided financing for the transaction.