Tailwind Group and its partners are pleased to announce the recent acquisition of BLVD Gainesville, a 252-unit, 924-bedroom property in Gainesville, FL. The property is located approximately one mile from the University of Florida campus. The asset consists of 3-bedroom and 4-bedroom units. The asset was purchased from an undisclosed seller and the deal was brokered by Ryan Lang and his team at Newmark. This acquisition is the first student housing purchase of 2025 for Tailwind Group.
Over the next 18 months, the property will undergo major renovations which will include full unit conversions and upgrades, repurposing of the interior and exterior amenity spaces, and general property enhancements. The property will also be re-branded to one of Tailwind Group’s flagship brands, “The Quarters”, in the spring of 2025 to coincide with the start of renovations.
“We are excited to enter the Gainesville market after years of sourcing different opportunities”, said Nick Sheak, Tailwind Group’s Director of Investments. “This acquisition perfectly fits into our strategic value-add platform from both a capital improvement and management standpoint. We are proud of the effort and execution our team put into this acquisition and confident in our business plan and investment strategy.”
Tailwind Group is a top 20 owner and manager of off-campus student housing in the country, with 37 different communities comprising approximately 17,500 bedrooms in their portfolio. Their reach spans across 14 states and 21 universities.
Inquiries:
Brandon Smith, Chief Executive Officer
Michael Sather, Chief Investment Officer & Managing Principal
Nick Sheak, Director of Investments
