Jacksonville—Peak Campus was awarded property management of Campus Club and Gateway at Glades, two student communities serving the students in Gainesville, Fla. The properties traded for $35.4 million to Rosemurgy Properties in a March portfolio transaction, according to Yardi Matrix.
Campus Club is located less than 3 miles away from the University of Florida. The 252-unit property features three- and four-bedroom fully furnished units with washers and dryers. The garden-style all-inclusive community also offers a resort-style pool, 24-hour fitness center, 24-hour study rooms, dog park, computer lab and a basketball court. Gateway at Glades is situated .3 miles away from Campus Club. The 120-unit community features three- and four-bedroom fully-furnished apartments that include washers and dryers. Property amenities include a resort-style pool with hot tub, 24-hour fitness center, game room, clubhouse, computer lab and a basketball court.
Both properties are planned to undergo extensive renovations scheduled to commence this fall. Interior refurbishment will include a stainless steel appliance package, wood-style flooring and carpet, modern furniture, flat-screen TVs, enhanced cabinetry, counters and finishes. Campus Club will receive a $7 million revamping and more than $2 million will be invested in Gateway at Glades.
Images courtesy of Yardi Matrix