Student Quarters Acquires Student Housing In Tallahassee, FL & Fayetteville, AR For $73M With Guardian Life Insurance Loan

Guardian Life Insurance has provided a fixed-rate loan in the amount of $73,000,000 for the acquisition of student housing properties located at 1800 West Pensacola Street in Tallahassee, FL and 1223 Haven Drive in Fayetteville, AR. The student housing assets have a total of 1,254 beds and are owned by Student Quarters, represented by Stephanie J. Lynch and GFH Financial Group.

Summary of transation details

• Property Type: Student Housing
• Transaction Amount: $73,000,000
• Market: Tallahassee, FL & Fayetteville, AR
• Address: 1800 West Pensacola Street, 1223 Haven Drive
• Total Beds: 1,254

Cushman & Wakefield brokers Gideon Gil, Alex Lapidus, Meredith Donovan, and Sebastian Sanchez facilitated the loan transaction on behalf of the borrower and lender. This loan from Guardian Life Insurance allows for the acquisition of the student housing properties and provides financing at a fixed interest rate.