GAINESVILLE, FL-Madison International Realty has purchased an 80% equity stake in a portfolio of two student housing communities in Tallahassee and Gainesville for $30 million. The Collier Companies owns and manages the properties totaling 898 units.
The Enclave, a garden-style community consisting of 412 units near University of Florida in Gainesville, was developed in 2008 and is 98% occupied. Seminole Grand, a garden-style community with 486 units near Florida State University in Tallahassee, was developed in 1995. For the full story, go to Florida Real Estate Journal .
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