GAINESVILLE, FL—Canopy Apartments, a 240-unit student housing community serving the University of Florida in Gainesville, has hit the market. The class A student housing facility offers 770 beds.

HFF is marketing the property on behalf of the seller, a joint venture between Glenmont Capital Management and Arlington Properties. No formal asking price has been set. The student housing property is free and clear of existing debt.

“The sale is consistent with the partnership's original investment horizon,” HFF managing director Brian Kelly tells GlobeSt.com. “The class A student housing community is currently 98% occupied and is expected to draw interest from institutional investors seeking core opportunities in tier one university markets. “

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