Webster Bank Provides $63.4 Million Loan For Student Housing In Gainesville Landlord James Patchett

The asset involved in this transaction is student housing located at 3600 Southwest 20th Avenue in Gainesville. The loan amount secured for this property totals $63,400,000.00, financed by Webster Bank.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $63,400,000.00
• Lender: Webster Bank
• Landlord: James Patchett - Gilbane Development Co.; Adam Gallistel & Andrew Glanzman - CBRE Investment Management
• Loan Date: 03/26/2025

The deal involves key representatives including James Patchett from Gilbane Development Co. and Adam Gallistel along with Andrew Glanzman from CBRE Investment Management, who collectively facilitate the landlord's interests in this transaction.