Alden Street Capital Buys FL Student Housing
- Sep 06, 2017
Alden Street Capital Management has acquired Canopy Apartments, a 240-unit student housing community serving the University of Florida in Gainesville. Since its launch two years ago, New York City-based Alden Street has acquired 11 student housing properties valued at $225 million.
TSB Realty of Paoli, Pa., arranged the deal, which marks the firm’s third student housing sale to an affiliate of Alden Street.
Two-, three- and four-bedroom units
Located on a 16-acre site at 4400 SW 20th Ave., the property is situated about one mile from the University of Florida campus. Built in 2009, Canopy Apartments offers 770 beds and a mix of two-, three- and four-bedroom units ranging in size from 952 to 1,582 square feet. The five three-story buildings feature common-area amenities such as:
- 24-hour fitness center
- virtual golf course
- indoor basketball court
- clubhouse with gaming area
- tanning facilities
- study rooms and computer lab
- lagoon-style pool with poolside hammocks, grills and lounge
Nearby shopping, restaurant and cultural attractions include Forest Park, Clear Lake, Kanapaha Botanical Gardens and the Florida Museum of Natural History.
image via Google Maps