CA Student Living closes largest acquisition to date of UF student community
CA Student Living (CASL) has closed on its acquisition of Midtown Apartments, a 589-bed student-housing community located in the heart of Gainesville, Fla., adjacent to the University of Florida. The transaction marks CASL’s largest single-asset acquisition to date.
Located one block north of the UF campus, Midtown Apartments offers contemporary studio through four-bedroom layouts, with each apartment fully furnished. Community amenities include an arcade, theater, fitness center, entertainment courtyard and lounge, and study rooms, in addition to 15,000 square feet of on-site ground-floor retail. CASL plans to invest in common area and amenity improvements to provide tenants with a best-in-market living experience.
“Midtown Apartments is a fantastic addition to our student housing portfolio as we continue to expand our presence in Gainesville – a high conviction market where we have already achieved development and operational success,” said Mike Hung, senior