Tuesday, March 29, 2016

tudent Housing community at University of Central Florida trades hands.

Paul Guyet
Orlando, FL  – Orlando-based Smith Equities Real Estate Investment Advisors announced the sale of The Edge, a student housing community across the street from the University of Central Florida (UCF), to Campus Advantage from Austin, Texas.

 The seller was American Campus Communities also from Austin. Paul M. Guyet, Student Housing Specialist at Smith Equities, negotiated
this transaction.

This property fits well with the ongoing efforts of Campus Advantage to acquire student properties with high occupancies near major universities. The Edge has 312 units and 930 bedrooms.

 The property's amenities include a 24-hour fitness center and recreation center with billiards, foosball and ping pong, swimming pool with hot tub and sundeck, barbecue grills, movie theatre room, tennis court, sand volleyball court, basketball courts and study rooms.

Its units feature private bedrooms, leather-style furniture, washer/dryer and fully-equipped kitchens.

This is Campus Advantage’s second purchase in the UCF market. They also own Northgate Lakes, a 195 unit, 710 bed community. American Campus also owns both Plaza on University, a 364 unit 1,313 bed community, and The Village at Science Drive, a 192 unit, 732 bed community.

The Edge Apartments, Orlando
The occupancy levels in the UCF market are near record highs and no new communities are scheduled in the near future.

Paul Guyet is the student housing specialist at Smith Equities. He has twenty student housing sales, totaling 2,398 units and 8,213 bedrooms, to his credit in Florida.

"If you want to sell or buy student housing in Central Florida, Paul is the man to go to," states Josh Greenleaf, Director of Acquisitions at Campus Advantage.

For a complete copy of the company’s news release, please contact:

Paul M. Guyet, 407-422-0704, ext. 105

350 East Pine Street . Orlando, Fl 32801 . (407) 422-0704 .

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