TAMPA, Fla. (Dec. 12, 2017) – Colliers International’s Student Housing Group has brokered the sale of The Social, a 180-unit, 560-bed apartment community in Temple Terrace. The property was sold for $26 million and caters to students of the University of South Florida’s Tampa campus.
Travis Prince, Executive Managing Director, and Sean Baird, MSRE, Director, from Colliers’ Student Housing Group, handled the transaction.
Floor plans include a 960-square-foot two-bedroom, two-bathroom unit and a 1,498-square-foot four-bedroom, four-bathroom unit. All apartments include a private balcony or patio, full-size washer and dryer, and direct access to the Hillsborough Area Regional Transit bus service, which is free to University of South Florida students.
The University of South Florida is a public research university with more than 43,000 students enrolled and was recently ranked No. 1 in student success among 1,100 public research and doctoral universities by Eduventures, a Boston-based research and advisory firm. The Social is located at 2919 Network Place.
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.