Student Housing

Upon acquisition, the two properties had some of the lowest student housing rents in the market.
The Niche, with 924 beds, boasts one of the largest resort-style pools in the city, as well as screened-in patios, a large fitness center, computer and study rooms, sand volleyball, and outdoor basketball.
With 432 beds, The Nook offers a resort-style pool and spa, a fitness center, computer lab, tanning room, game room, and sand volleyball and basketball courts.
Students at both properties have easy access to many dining and retail spots in Gainesville.
Brightstone implemented a full renovation plan, updating all units and amenities, realizing significant rental increases.
Acquisition Date: March 2017
Purchase Price: $35.4 Million
Renovation Cost: $9.3 Million