Parkway Square

Description

A 277-unit market rent property located in Tallahassee, Florida; the State Capitol and home of Florida State University. Over USD 8.1 million was invested in capital improvements prior to acquisition. The strategy is to maximize yields over the coming years by optimizing the tenant mix of students and professionals. This property is a long-term hold with expected returns consistent with local economic growth.

City
Tallahassee
State
Florida
Aquisition date
April 2016
Number of units
277
Surface area
20925 m2
Fair value
22.3 Mio USD