Campus First Buys FL Student Housing Asset

Campus Club North

Campus First Student Living, a CF Real Estate Services LLC division, has acquired Campus Club North and South, two student housing communities totaling 612 beds in Tampa, Fla. The company will rebrand the property as University LinQ North and South.
In January, the company purchased  another Florida property for $43.9 million.

Located less than a mile from the University of South Florida (USF), at 5651 E. Fletcher Ave. and 5610 Graduate Circle, the community will offer three- and four-bedroom units including walk-in closets, washer/dryer, fully equipped kitchen, private bathrooms and a private patio or balcony.

The 156-unit community includes common area amenities such as:

• two clubhouses
• private study areas
• study lounges
• game rooms
• tanning
• two swimming pools
• heated spa
• grilling area

Campus Club South

“The addition of University LinQ to our Campus First portfolio establishes our entry into the Tampa student housing market, where USF has experienced substantial enrollment growth,” CF Real Estate Services CEO, Brett Finkelstein, said in a statement. “While we will continue to build upon our portfolio here, we are seeing similar demand drivers in select tier 1 and tier 2 markets across the Eastern Seaboard and throughout Florida and Texas.”

Campus First will invest in renovations, which will include additional fitness equipment, study areas, a renovated leasing office and clubhouse, a dog park, outdoor kitchen, as well as some improvements to the exterior, such as painting and landscaping.

Images courtesy of Yardi Matrix