Balfour Beatty Acquires 592-Bed Student Housing Property In Tallahassee For $51.3M | 222 North Ocala Road | Walton Street Capital | Student Housing | Sale

Summary

Sale

FLORIDA

Student Housing

Oktiv, a 592-bed student housing property in Tallahassee, FL, has been acquired by Balfour Beatty Communities for $51.3 million. The property offers modern amenities and is strategically located near universities and retail options.

Summary of transaction details

Property Type: Student Housing
Transaction Amount: $51,300,000
Address: 222 North Ocala Road, Tallahassee
Market: Tallahassee

Balfour Beatty Communities, represented by Christopher Williams, purchased Oktiv from the Tailwind Group. The lender for this transaction was Walton Street Capital LLC, with Berkadia serving as the mortgage broker. The deal involved 168 units, with a price per unit of $305,357. The property comprises 592 beds, resulting in a price per bed of $86,655.

Players

All
1

Lenders
1

Walton Street Capital

Details

Deal Summary

SOLD

IMAGE: Christopher Williams DATE: 07/28/2023 ADDRESS: 222 North Ocala Road MARKET: Tallahassee ASSET TYPE: Student Housing BUYER: Balfour Beatty Communities - Christopher Williams SELLER: Tailwind Group LENDER: Walton Street Capital LLC MORTGAGE BROKER: Berkadia SALE PRICE: $51,300,000 UNITS: 168 ~ PPU: $305,357 BEDS: 592 ~ PPB: $86,655 NOTE: Balfour Beatty acquired Oktiv, a 592-bed student housing property in Tallahassee, FL, for $51.3 million. The property offers modern amenities and is strategically located near universities and retail options.

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Address222 North Ocala Road

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