Marcus & Millichap Sells 91-Unit Student Housing Community in Florida

GAINESVILLE, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of The Courtyards (top left photo), a 110,597-square foot, 375-bedroom student housing community in Gainesville.

Dorothy Jackman (middle right photo), a vice president investments and Travis Prince (lower left photo), a senior associate, both in the firm’s Tampa office, represented the seller, Trimark Properties. The buyer is an owner/developer operating in Florida.

“The Courtyards occupies irreplaceable real estate directly across the street from the University of Florida,” says Jackman. “The buyer will operate the property for a period of time but will ultimately redevelop the site into a mixed-use asset.”

The Courtyards is a dorm-style student housing community situated on a split site. The unit mix features one two-bedroom/1.5-bath flat, one two-bedroom/one-bath townhome, eight four-bedroom/1.5-bath flats, 66 four-bedroom/1.5-bath townhomes and 15 five-bedroom/1.5-bath flats.

The units are fully furnished with newly remodeled kitchens, oversized living rooms, balconies or patios a. All utilities, plus cable and Internet, are included in the monthly rent. Many of the apartments overlook a large center courtyard swimming pool.



Contact: Stacey Corso, Public Relations Manager, (925) 953-1716