TALLAHASSEE, FL—American Campus Communities has snapped up The Plaza Apartments, a 289-unit student housing community near Florida State University's campus. The sale price was $10.4 million.
Colliers International's Dorothy Jackman and Travis Prince, managing directors of the Student Housing Group, and Sean Baird, associate of the Student Housing Group, represented the buyer and seller. The seller was TREO Plaza, LLC.
According to Colliers, American Campus was selected as the buyer because of its strong student housing industry track record. The company has developed a number of other off-campus housing communities in the Tallahassee area, including 601 Copeland and the U Club on Woodward.
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