First move-ins for the luxury project are scheduled for 2023.
The student accommodation is expected to open in August 2024.
The Extra Space Storage managed property is 99 percent occupied.
The 559-unit property is 2 miles from downtown.
Located in St. Petersburg, the property was 99 percent leased at the time of sale.
The first units are expected to come online in 2023.
One of the properties received $20.6 million in acquisition financing, while the other one received a $6.8 million mortgage to refinance.