CBRE Strategic Partners U.S. Value 9 Acquires The Venue At North Campus For $70M

The Venue at North Campus, a student housing complex near the University of South Florida, was purchased by CBRE Investment Management and GMH Communities for $70 million. The property, located at 13702 North 42nd Street in Tampa, is a multifamily asset consisting of 206 units. The per unit price for the transaction was $339,806.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $70,000,000
• Address: 13702 North 42nd Street
• Market: Tampa

The acquisition of The Venue at North Campus reflects the stability of student housing as an asset class. The buyer, CBRE Investment Management represented by Andrew Glanzman, partnered with GMH Communities represented by Gary Holloway to complete the purchase. The seller, Horizon Realty Advisors, was represented by Rob Marshall.