Tallahassee, FL – Matthews Real Estate Investment Services™ announces the sale of Quantum at West Call, a 752-bed, 225-unit luxury student housing community in Tallahassee, Florida. Completed in fall 2018, the new construction student housing complex is adjacent to Florida State University. A joint venture with Raleigh, NC-based Preiss Companies purchased the asset from Columbus, OH-based Edwards Companies with the help of Silver Hills Development for an undisclosed price. Matthews™ Executive Vice President & National Director of Multifamily, David Roth, represented the seller.
“Large student housing transactions have been an extremely rare occurrence during COVID-19. Our team is incredibly proud to have completed this transaction during these unprecedented times. All parties worked patiently and thoughtfully to navigate the countless, unforeseen challenges that have occurred during this process. This is a great accomplishment for everyone involved,” said Roth.
The student housing complex is located at 446 Conradi Street in Tallahassee, Florida. Situated on 4.51 acres, the property boasts a classic exterior design with top-of-the-line amenities, including a resort-style pool and sun deck, a community clubhouse with HD theater, a state-of-the-art fitness center, an outdoor social lounge and barbeque area, a business center, and study lounges. Each unit offers Class A finishes, including stainless steel appliances, granite countertops, modern furniture, wood cabinets, and faux wood flooring in common areas.
“The irreplaceable location, exceptional construction quality, and persistent growing enrollment at Florida State University consistently drive Quantum at West Call’s phenomenal performance. The property achieved 100% occupancy for the 2020/2021 school year and is well-positioned to continue performing well for years to come,” said Roth.
For more information regarding the sale of Quantum at West Call in Tallahassee, FL, or if you have any other questions related to multifamily investments, please do not hesitate to reach out to Executive Vice President & National Director of Multifamily David Roth. To view all current listings, please visit www.matthews.com.
Matthews Real Estate Investments Services™, the nation’s fastest-growing commercial real estate brokerage firm, holds recognition as an industry leader in investment sales and leasing. Founded in El Segundo, CA, and strategically positioned with over 300 agents and support staff in over 10 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.