Florida A&M University Acquires Brooklyn Yard Portfolio Student Housing & Land For $12.7M

The Brooklyn Yard Portfolio, located in Tallahassee, has been sold in a recent transaction. The property, consisting of student housing and land, was acquired by Florida A&M University for a sale price of $12,652,000. The transaction was facilitated by Benjamin Skinner and Matthew Prozzillo, brokers from Marcus & Millichap.

Summary of transaction details

• Property Type: Student Housing & Land
• Transaction Amount: $12,652,000
• Address: Brooklyn Yard Portfolio
• Market: Tallahassee
• Buyer: Florida A&M University
• Brokers: Benjamin Skinner & Matthew Prozzillo - Marcus & Millichap

The acquisition of the Brooklyn Yard Portfolio by Florida A&M University signifies their investment in the student housing sector in Tallahassee. Benjamin Skinner and Matthew Prozzillo, both representing Marcus & Millichap, played key roles in facilitating the deal. This transaction presents an opportunity for Florida A&M University to expand their presence in the student housing market and cater to the needs of their student population.