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Rosemurgy, Giles Capital Receive $38.8M Financing for Two Student Housing Communities Near University of Florida

The Nook serves students at the University of Florida in Gainesville. (Image courtesy of thenookgnv.com)

GAINESVILLE, FLA. — Park Partners Residential, a joint venture between Rosemurgy Properties and Giles Capital Group, has received $38.8 million in financing for two student housing communities near the University of Florida in Gainesville. Värde Partners has provided a $27.3 million loan for The Niche community and an $11.5 million loan for The Nook. Both properties recently underwent renovations and offer a combined total of 1,356 beds. Elliott Throne and Jesse Wright of HFF worked to place the financing on behalf of the borrower.

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