Two Orlando Student Housing Properties Change Hands

The 336-unit Arden Villas in Orlando.

ORLANDO, FL—Two major student housing properties here involving a total of 1,230 student beds have been sold. Both properties are located near and house students from the University of Central Florida in Orlando.

Recently, TH Real Estate acquired the 336-unit Arden Villas student housing complex from Atlanta-based Pollack Shores Real Estate Group. Also, the 894-bed Retreat at Orlando student housing complex was sold by a subsidiary of Inland Private Capital on behalf of one of its 1031 investment programs to Preferred Apartment Communities of Atlanta. PAC acquired the property through its wholly-owned subsidiary Preferred Campus Communities, LLC. Firms involved in both transactions did not release any financing details on the deals.