Landmark Properties Acquires Student Housing In Orlando For $117M

The student housing property located at 11037 Retreat Ave in Orlando has been sold in a transaction valued at $117,000,000. The property spans across 45.7 acres and consists of 221 units with a total of 894 beds. The per unit price for this sale is $529,411, and the price per bed is $130,872.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $117,000,000
• Address: 11037 Retreat Ave, Orlando
• Market: Orlando
• Acres: 45.7
• Units: 221
• Purchase Price per Unit: $529,411
• Beds: 894
• Purchase Price per Bed: $130,872

The buyer of the property is Landmark Properties, while the seller is TPG Real Estate Partners. The transaction was facilitated by brokers Jaclyn Fitts, William Vonderfecht, Casey Schaefer, Chip Wooten, and Jeff Gray from CBRE. Synovus Bank and Trustmark National Bank served as the lenders for this deal.