FPA Multifamily Sells Student Housing Asset in Lutz
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FPA Multifamily LLC sold the 180-unit The Social at South Florida student housing complex at 2919 Network Pl. in Lutz, FL to Vesper Holdings LLC for $ 26 million, or approximately $ 144,000 per unit. The 223,800-square-foot student housing community consists of two- and four-bedroom units across 10 buildings. The asset delivered in 2000 to the University Square MF submarket. The property was 98 percent occupied at the time of sale. Travis Prince…
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