Halstatt Real Estate Partners, a real estate private equity firm, announced the sale of UnionWest at Creative Village, a mixed-use purpose-built student housing tower in Orlando. The asset was purchased by Provident Resources Group, and the purchase was funded through the offering of tax-exempt and taxable bonds underwritten by BofA Securities. Halstatt Real Estate Partners partnered with Development Ventures Group and Ustler Development to create the 15-story building with 644 student housing beds, more than 100,000 square feet of academic space and 11,000 square feet of street-level retail plus a 600-space parking garage. The tower opened in August 2019 and has been well received, maintaining strong occupancy levels since its debut.
Located at the corner of West Livingston Street and North Terry Avenue, the $105 million UnionWest is part of Creative Village, a $1.5 billion mixed-use master redevelopment project in downtown Orlando. The high-quality, sustainable neighborhood