Park Partners Residential has acquired Campus Club and Gateway at Glades, a 1,356-bed student housing portfolio serving students in Gainesville. The joint venture partnership of Giles Capital Group and Rosemurgy Properties recently closed on the portfolio and have begun multi-million dollar renovations to reposition the two assets in Gainesville’s competitive student housing market.
“We are excited to be entering the Gainesville market with the acquisition of Campus Club and Gateway at Glades,” said Rick Giles, Managing Partner, Park Partners Residential and CEO, Giles Capital Group. “These properties are the source of many great memories for thousands of former area students, and we look forward to bringing them back into prominence.”
Campus Club, 4000 SW 37th Blvd., has 252 fully-furnished, 3 bed/2 bath and 4 bed/3 bath units with a total of 924 beds. Community amenities include resort-style swimming pool with pool deck, 24-hour fitness center, computer lab, four study rooms, two sand volleyball courts, outdoor basketball court and dog park. The property also includes available covered parking, is located on the campus shuttle bus route, and has pedestrian access to Butler Plaza.
Gateway at Glades, 3415 SW 39th Blvd., has 120 fully-furnished, 3 bed/3 bath and 4 bed/2 bath units with a total of 432 beds. Community amenities include resort-style pool and spa, fitness center, sand volleyball court, two outdoor basketball half-courts, computer lab, TV lounge and game room, and located on campus shuttle bus route.
Major renovations to the two properties have commenced and will include unit interior upgrades, clubhouse, pool area and fitness center renovations, exterior painting and landscaping.