Florida State University Portfolio Trades for $58M
FSU shows strong market fundamentals
As the student housing market shows strong performance, with prelease growth and rent increases exceeding pre-pandemic levels, Florida State University continues to display sound fundamentals. The market has three properties under construction, that will add some 1,111 bedrooms to the current inventory, Yardi Matrix data shows.
FSU is among the top 15 markets by sales volume, nearing $50 million in sales as of March, a recent Yardi Matrix report shows. Earlier this year, Strategic Student & Senior Housing Trust sold YOUnion@Tallahassee, a 434-bed student community in Tallahassee, Fla.
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