Gainesville, FL (PRWEB) May 09, 2013
The Collier Cos., the largest private provider of student housing in the country, has acquired its partner’s interest in Gainesville Place Apartments. The buyout coincided with the refinancing of the property and resulted in a recapitalization of the entire community.
“It allowed our partners to exit with positive momentum and allowed The Collier Cos. to add one of the largest and best student housing communities in Gainesville to its core portfolio,” said Eric Heninger, Director of Asset Management at The Collier Cos.
Gainesville Place Apartments, located in Gainesville, Fla., is one of the five largest in Gainesville, with 1,296 individual beds. It is also one of the best, with management and staff committed to providing excellent customer service and a high-quality student living environment. The Collier Cos. credits onsite management and the service team at Gainesville Place for the rapid recovery from the real estate downturn of 2008 and 2009.
The Collier Cos. is headquartered in Gainesville, Fla.-home of the University of Florida, the state’s flagship university. The Collier Cos. owns more than 45 properties and has over 10,500 apartment homes located in: Gainesville, Ocala, Orlando, Tampa, Tallahassee, and other Florida locations, as well as Norman, Okla., Champaign, Ill., and Athens, Ga.