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| H. Michael Schwartz |
Tallahassee, FL, Sept. 29,
2017) – Strategic Student & Senior Housing Trust, Inc., a private real
estate investment trust sponsored by SmartStop Asset Management, LLC
(SmartStop), announced today its acquisition of The Domain At Tallahassee, a
125-unit, 434-bed student housing property located one block from the campus of
Florida State University in Tallahassee, Florida.
The acquisition is the
second for Strategic Student & Senior Housing Trust, raising its portfolio
value to approximately $104.5 million, based on aggregate purchase price.
“The Domain at Tallahassee
is a purpose-built, newly constructed and 100 percent leased student housing
community located just a short walk away from Florida State University, which
has more than 41,000 students,” said H.
Michael Schwartz, chief executive officer of Strategic Student & Senior
Housing Trust.
“The amenities-rich, Class
A property features a modern suburban-wrap design, and fits well with our
acquisition strategy of acquiring core, stabilized student housing assets
adjacent to Tier 1 universities.”
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| John Strockis |
Located at 700 W. Virginia
St. on 3.71 acres of land, The Domain at Tallahassee is one block from campus,
offering students easy access to the Student Union, Business School and North
Campus Library and Learning Commons. Floor plans range from one to four
bedrooms and each fully furnished unit includes one bathroom per bedroom parity
for enhanced privacy.
Community amenities include secure access, a
24-hour fitness facility, resort style pool, computer center, private study
rooms, coffee bar and more. Incorporated throughout the property is a fiber
optic cable with broadband speeds of one gigabit per second, which supports
connectivity to multiple devices at a time.
“This pedestrian-to-campus
student housing property is built to help each of its Florida State University
residents become more productive by providing secure housing that features
onsite, round-the-clock fitness, high-speed internet, study rooms and close
proximity to campus” said John Strockis, senior vice president of acquisitions.
“The Domain at Tallahassee is the premier, amenities-rich, off campus student
housing community at Florida State University.”
For more information on this press release, please
contact:
Julie Leber
Spotlight Marketing
Communications
949.427.5172, ext. 703
or
Damon Elder
Spotlight Marketing
Communications
949.427.5162, ext. 702
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