1205 NW 7TH AVE Gainesville FL 32601-4997

INTRODUCTION

University Holdings extends to qualified investors the opportunity to acquire the fee simple interest in Rosemary Portfolio in Gainesville, FL. This three property package consists of Rosemary Square, Carver’s Corner, and Freddie’s Garden. The Rosemary Portfolio has a total of 68 beds in 19 units constructed in 2015, 2016 and 2018 respectively. The portfolio sits only 7 blocks from the University of Florida campus. In 2024, The Wall Street Journal ranked The University of Florida was ranked #1 among Public Universities in the country. UF boasts sixteen colleges and more than 150 research, service and education centers, bureaus and institutes, offering more than 100 undergraduate majors and 200 graduate degrees, the University of Florida has a total enrollment of over 60,489 students. UF is the 8th largest single campus university in the United States. The University’s Main Campus is over 2,000 acres and located less than one mile to downtown Gainesville.

LOCATION

The subject properties are situated in a highly sought after area pedestrian to University of Florida and situated adjacent to Midtown - a thriving social scene full of restaurants, retail, and nightlife. The communities combine for +/- 26,000 SF of rentable living space. Strategically located, these properties offer residents quick and easy access to the heart of campus and the local bar corridor. Publix, Target, Starbucks, Chic-Fil-A and other staple restaurants and shops are in close proximity to the portfolio.

MARKET

The University of Florida’s enrollment for Fall 2025 is now at 60,489 students and has increased by 2,648 students in only 3 years. The Wall Street Journal ranked The University of Florida #1 amongst Public Universities in the country. Santa Fe College, also located in Gainesville, has 14,231 students and is where many students get their Associate of Arts (AA) before transferring to UF. Both schools combine for over 75,000 students.

RENTAL GROWTH OPPORTUNITY

The Rosemary Portfolio has been 100% occupied since inception and is currently 100% pre-leased for AY 25-26. Total annual rental income amounts to approximately $676,800 ($829.41/ bed) which is a 2.9% increase from AY 23-24 and is projected to grow to $692,040 ($848.09/bed) which is a 2.3% increase from AY 24-25.

These properties are under rented as comparable properties that are pedestrian to campus are charging +27.2% ($241/ bed) to +30.1% ($252/ bed) more for their 3 through 5 bedroom floor plans.

PARKING & OTHER INCOME OPPORTUNITY

Pedestrian student properties to The University of Florida do not have a parking requirement so parking ratios range from 22% to 81% with an average parking ratio of 53%. The Rosemary Portfolio has a 1/1 parking ratio so is 100% parked and does not charge their tenants for parking. Out of 6,590 beds, the average car parking rent is $254.69 per month and scooter parking rent is $38.25 per month.

There is also an opportunity for additional income by furnishing the property and offering individual leases as opposed to joint and several leases.

UNIT FEATURES

This property package offers the highest living standards for student housing that Gainesville has to offer. These features include: stainless steel appliances, granite countertops, pendant lighting, porcelain tile, wood floors, open kitchen to living spaces, covered porches/balconies, full parking and energy efficient construction.