DENTON, Texas--(BUSINESS WIRE)--Campus First Student Living and CF Real Estate Services LLC announce the acquisition of Midtown at Denton, a 432-bed purpose built student apartment community. The addition of this student housing project along with another acquisition announced last week brings Campus First’s managed portfolio to just over 6,000 beds. The property is located within 1 mile of the University of North Texas (UNT), situated in a premier district of Denton, TX. Campus First has announced a name change for the property and it will now be known as Midtown 905.
“The addition of Midtown at Denton to our Campus First portfolio provides us a unique opportunity to add Texas to our growing footprint in the southwest region,” states CF Real Estate Services CEO, Brett Finkelstein.
Midtown 905 is a student property that offers 2 bedroom apartments, 3 bedroom apartments and 4 bedroom apartments, all with bed/bath parity. Midtown 905 was constructed in 2011 and first units were delivered in August of 2012. This well located off campus student housing has a total of 120 units with 432 beds. Midtown at Denton has an amenity package that includes a clubhouse that features a fitness center, study lounge, game room, and tanning bed. Outdoor amenities include a pool and carports.
Campus First is a boutique style acquisition/development and property management firm that focuses on 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 throughout the Southeast, Mid-Atlantic, and Midwest regions of the United States.
Property renovations will include the installation of state of the art fitness equipment in the fitness center, the addition of private study areas and music rooms, a completely renovated leasing office and clubhouse, additional carports, dog park, outdoor kitchen, renovated breezeways, and enhanced curb appeal with new exterior painting and landscaping improvements. As part of the capital enhancement plan, Campus First will also be completing 100 units of VIP suites which include granite countertops, subway tile backsplashes, new grey faux wood flooring, upgraded modern furniture package, and upgrading lighting.
“Campus First looks forward to taking advantage of this properties best in class location and positioning the asset to be Denton’s premier choice for off campus student housing through its exciting renovation plans and unique specialty management style,” states Christopher Feeley, President of Campus First.
To learn more about Campus First Student Living, please visit www.campus1st.com.