HFF named to market sale of student housing community near The University of Florida in Gainesville

Canopy Apartments, Gainesville, FL

CHICAGO, IL – HFF announced today that it has been named to market for sale Canopy Apartments, a 240-unit/770-bed, Class A student housing community serving The University of Florida in Gainesville, Florida.

                HFF is marketing the property on behalf of the seller, a joint venture between Glenmont Capital Management, LLC and Arlington Properties.  The property is offered without a formal asking price, free and clear of existing debt.

Brian Kelly

Canopy Apartments is located at 4400 SW 20th Avenue near the intersection of SW 43rd Street in Gainesville. 

Completed in 2009, the property has five three-story residential buildings with two-, three- and four-bedroom floor plans.

Troy Manson

Each unit has granite countertops, stainless steel appliances, 9-foot ceilings, full-size washers and dryers, 42 inch plasma televisions and private bathrooms for each bedroom. 

Community amenities include a resort-style pool, bar and grilling area, fitness center, clubhouse with gaming area, indoor basketball court, sand volleyball court, virtual golf course, tanning beds and cyber center. 

Canopy Apartments is 98 percent leased for the 2012-2013 academic year.

Manny de Zarraga

The HFF investment sales team representing Glenmont Capital Management, LLC and Arlington Properties is led by managing directors Brian Kelly and Troy Manson, and senior managing director Manny de Zárraga.

Contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com