Cushman & Wakefield is handling the sale of the nine at Central student apartment community

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Nine at Central, a newly constructed 201-unit, 764-bed student apartment community located at the University of Central Florida in Orlando.

The Nine at Central was sold by 908 Group & Scannell Properties and acquired by L3 Campus, a student housing owner and operator with approximately 5,000 beds in various markets. Travis Prince, Shawn Lubic and Victoria Marks-Vagnier of Cushman & Wakefield Student Housing Capital Markets represented the seller in the transaction. The firm also brokered the sale of the land, on which the community was developed, as early as 2021.

“Florida’s growth story has been a catalyst for the high demand we are seeing for student housing beds in the Orlando market. The opportunity to acquire The Nine at Central allows the new property to take advantage of this and acquire best-in-class product and location in a Power 5 market,” said Travis Prince, executive director at Cushman & Wakefield.

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenues of $9.5 billion from its core services of property, facilities and project management, leasing, capital markets and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more.