August 22, 2013
FOR IMMEDIATE RELEASE
MIAMI, FL — ARC | TREO, LLC (“TREO”), a privately held real estate investment firm headquartered in Miami, Florida announced the sale of The Plaza Apartments, a 289-unit / 359-bed student housing community located in Tallahassee, Florida. The property was acquired by American Campus Communities, Inc. (“ACC”), the largest developer, owner and manager of high-quality student housing communities in the United States. “We’re extremely pleased with ACC and their team’s performance throughout this transaction,” said Otto Boudet-Murias. “In the end, the asset’s exceptional location was a strategic fit for ACC.”
“While we remain committed to the Tallahassee student housing market long-term, the opportunity to lock-in significant returns for our capital partners with timely dispositions remains our main focus”, said Carlos A. Ortega.” TREO currently owns three additional student housing communities in Tallahassee for a combined 390-units / 762-beds.
ARC | TREO, LLC is a privately held real estate investment firm focused on creating diversified investment opportunities for its capital partners by combining opportunistic acquisition strategies with proven value enhancement platforms. To learn more about ARC | TREO or for loan sale and property disposition opportunities, please contact us at email@example.com or visit our website at www.arctreo.com.