HFF Brokers $92.5 Million Sale of 942-Bed Student Housing Community Near San Diego State
SAN DIEGO, CALIF. — HFF has arranged the $92.5 million sale of Fifty Twenty-Five, a 942-bed student housing community located near San Diego State University.
Sean Deasy, Hunter Combs and Scott Clifton of HFF represented the seller, FPA Multifamily, and procured the buyer, Denver-based Cardinal Group Investments.
Completed in 2010, the LEED-Gold certified property offers a mix of studio, two- and four-bedroom units. Shared amenities include a resort-style swimming pool, 24-hour fitness center, study rooms, a computer center, coffee bar, tanning bed, shuttle service and 598-space parking garage.