Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present the opportunity to acquire The Metropolitan Gainesville ("The Met" or the "Property") at University of Florida ("UF" or the "University"). Newly delivered in 2023, The Met offers 169 units / 464 beds across studio through 5-bed floorplans.

The Property is fully occupied for the 25/26 AY, and preleasing velocity has been consistently ahead this cycle. Despite more than 2x the amount of renewals originally anticipated, the Property is on track to achieve 7%+ rent growth for the 26/27 AY.

Florida is recognized as the #1 best state for higher education by U.S. News, and the University of Florida is further distinguished as a "New Ivy" by Forbes. Many of UF's programs rank top in the country, which has led to highly competitive and exclusive admissions requirements – first-time, on-campus applications grew by 23% to 90,375 this year pushing the University's acceptance rate to an all-time low of 20%. Total enrollment has grown by 2%+ annually over the last two years reaching a record 63,148 students in Fall 2025.

With a highly limited off-campus supply pipeline and rents poised to grow, this investment opportunity captures scarcity value in a strong SEC market with positive underlying fundamentals.

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