Deborah Harmon Of Artemis Real Estate Partners And Bob Faith Of Greystar Acquire Student Housing For $69.4M

The Everleigh Palm Beach Gardens, a 220-unit student housing complex, is located at 3650-3660 Rca Boulevard in the Palm Beach Gardens market. The property spans across 10.7 acres, totaling 270,888 square feet. It was sold for $69,400,000, which translates to a price per unit of $315,455 and a price per square foot of $256.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $69,400,000
• Units: 220
• Price Per Unit: $315,455
• Square Footage: 270,888
• Price Per Square Foot: $256
• Buyer: Deborah Harmon - Artemis Real Estate Partners; Bob Faith - Greystar
• Seller: Michael Uccellini - The United Group of Companies, Inc; Malcolm Sina - Sina Companies
• Lender: Prudential Realty Securities

The transaction was facilitated by Deborah Harmon, representing Artemis Real Estate Partners, and Bob Faith, representing Greystar. The sellers, Michael Uccellini and Malcolm Sina, were associated with RCA Boulevard JV LLC, which executed the sale of the property. This deal is noted as the first trade of the property since its delivery in 2021, backed by a $50.12 million mortgage from Prudential Realty Securities.