Global Real Estate Advisors (GREA) Sell Multifamily Student Housing In Tallahassee For $37.5M

Tallahassee has recently seen a major closed property transaction in the multifamily student housing sector. The asset involved in this deal consists of 264 units, with a price-per-unit (PPU) of $142,045. The transaction took place on 05/16/2023, and the sale price amounted to $37,500,000. The property is located in Tallahassee's student housing market.

Summary of transaction details

• Property Type: Multifamily Student Housing
• Transaction Amount: $37,500,000
• Units: 264
• Price Per Unit (PPU): $142,045

The deal was facilitated by Kenneth (Ken) Wellar and George Johnson of Global Real Estate Advisors (GREA), who represented the parties involved as brokers. Their expertise and negotiation skills played a crucial role in finalizing this significant transaction in the Tallahassee market.