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1505 West Tharpe Street
SOLD

FPA Multifamily Acquires Student Housing Near Florida State University For $68M

1505 West Tharpe Street

Student Housing
clock iconSold 332 days ago
Ben Harkrider
Ryan Lang
Jack Brett
+ 2
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Summary

Sale
FLORIDA
Student Housing

FPA Multifamily has purchased Seminole Grand, a student housing community located at 1505 West Tharpe Street in Tallahassee. The property was sold by The Collier Cos. for a total of $68,000,000. Spanning across 44.7 acres, the asset offers a total of 487 units, with an average price per unit of $139,630. The property features 1,557 beds, making it an attractive option for students. This student housing community boasts convenient amenities and is in close proximity to Florida State University.

Summary of transaction details

  • Property Type: Student Housing
  • Transaction Amount: $68,000,000
  • Address: 1505 West Tharpe Street, Tallahassee
  • Market: Tallahassee
  • Asset Type: Student Housing
  • Acres: 44.7

The buyer, FPA Multifamily, made the purchase with the representation of Ryan Lang, Avery Klann, Jack Brett, and Ben Harkrider from Newmark. This acquisition adds to FPA Multifamily's portfolio and offers them a strong presence in the student housing market near Florida State University.

Players

  • All

    5

  • Agents

    4

  • Agencies

    1

Ben Harkrider's profile picture
Ben Harkrider
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Transaction Manager
$68M Sold
Ryan Lang's profile picture
Jack Brett's profile picture
Avery Klann's profile picture

Details

Deal Summary
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SOLD
IMAGE: Ryan Lang, Jack Brett, Ben Harkrider & Avery Klann DATE: 06/30/2023 ADDRESS: 1505 West Tharpe Street MARKET: Tallahassee ASSET TYPE: Student Housing ~ ACRES: 44.7 BUYER: FPA Multifamily SELLER: The Collier Cos. (thecollierco ) BROKERS: Ryan Lang (@Newmark.StudentHousing), Avery Klann, Jack Brett & Ben Harkrider - Newmark (@newmark ) (@newmark.studenthousing ) SALE PRICE: $68,000,000 UNITS: 487 ~ PPU: $139,630 BEDS: 1,557 ~ PPB: $43,674 NOTE: FPA Multifamily has purchased Seminole Grand, a student housing community near Florida State University, for $68 million. The property features 1,557 beds, convenient amenities, and close proximity to the university campus.

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Address1505 West Tharpe Street

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