Campus First Expands into Florida with the Acquisition of The Ridge, A Class A+ Student Housing in Gainesville, FL



GAINESVILLE, Fla.–()–Campus
First Student Living
and CF
Real Estate Services LLC
, today announced the acquisition of The
Ridge, a 661-bed student living community located less than 1 mile from
the University of Florida. This is just the latest addition to the
rapidly growing student housing firm. Campus First focuses on student
housing acquisitions, development, and property management. The addition
of this student housing project brings Campus First’s student portfolio
to just over 6,000 beds. The property is located in Gainesville,
Florida, within walking distance to the University of Florida, and the
new Celebration Pointe and expanded Butler Plaza retail centers.

“The addition of The Ridge to our Campus First portfolio furthers our
investment strategy of adding well located student assets in growth
markets,” states CF Real Estate Services CEO, Brett Finkelstein.

The Ridge is a premier student property that offers both 2 bedroom/bath
apartments and a 4 and 5 bedroom townhome product with large floor
plans, garages, granite countertops, stainless steel appliances, subway
tile backsplashes, and bed/bath parity. The Ridge was constructed in
2015/2016, with the first units delivered in August 2016. This trophy
property has a total of 178 units with 661 beds. The Ridge is
unparalleled in the Gainesville market with its first-class amenities,
including a 3-room fitness center, large clubhouse, and several study
lounges. Outdoor amenities include a massive beach entry pool, 1000+
person pool deck, 25 person hot tub, 20 foot Jumbotron, and the only
lazy river in the Gainesville market.

Campus First is a boutique style acquisition/development and property
management firm that focuses on purpose built student housing. Campus
First is a division of parent company, CF Real Estate Services,
headquartered in Atlanta, GA. Campus First currently owns or manages
6,000+ student beds, while CF Real Estate Services currently owns or
manages 25,000 market rate and workforce housing units located
throughout the Southeast, Southwest, and Mid-Atlantic regions of the
United States.

Renovations and value-add improvements for The Ridge are valued at more
than $700,000 and are scheduled to begin prior to the 2018/2019 school
year. Property renovations will include improvements to the clubhouse
and the build-out of new private study areas. Within the fitness center,
there are plans to add additional fitness equipment, Fitness on Demand™,
and a yoga studio. Within the pool area, there will be new fire pits and
game areas. Ownership also plans to upgrade the dog park.

“We are eager to introduce our boutique style management to the
Gainesville market. Campus First Student Living will present students an
opportunity for an elevated off-campus living experience that they will
not receive elsewhere,” states Christopher Feeley, President of Campus
First.

To learn more about Campus First Student Living, please visit www.campus1st.com



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