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REA
July 10, 2019  

Boca Raton Student Housing on Block

An Investcorp joint venture is shopping a student-housing property in Boca Raton, Fla., that could attract bids of about $87 million.The University Park complex, near Florida Atlantic University and Lynn University, encompasses 159 units with 598 beds. At the estimated value of $145,000/bed ($547,000/unit), the buyer’s initial annual yield would be 5%. Bahrain-based Investcorp and its partner, Preiss Co. of Raleigh, have given the listing...


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