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| 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.
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| 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 .
