Vertex is a garden-style student housing community located blocks (0.5 miles) from Florida State
University in the Tallahassee, FL. Tallahassee ranked as a top 25 MSA for growth by Crescent Sky’s proprietary model at the time of acquisition. The property is a well-maintained asset as previous ownership completed interior renovations on many of the units, replaced the majority of roofs, fully repainted building exteriors, and enhanced amenity and common areas, all since 2019. CSC has the ability to complete interior renovations on the remaining classic units.
Location: Tallahassee, FL
Business Plan: Light value add to bring rents to market rates
Investment Type: Equity
Property Type: Student Apartments