Beachwold Closes on $176.6M Financing for 1,395-Bed UCF Student Housing Venture

Beachwold Closes on $176.6M Financing for 1,395-Bed UCF Student Housing Venture
News| July 17, 2026| Mike Boyd
Florida & Gulf Coast + Student Housing

Beachwold Residential obtained a $176.6 million construction loan to finance the development of Place at Alafaya Phase I & II. The to-be-built, four-building, four-story, Class A, 484-unit, 1,395-bed student housing property will be located at the University of Central Florida (UCF) in Orlando, Florida. Affinius Capital originated the loan. The financing was arranged by Mona Carlton, Elliott Throne, and Josh Odessky of JLL. Humphreys is the architect for the project, and HPA Design Group is responsible for interior design.

Phase I will offer a 284-unit, 809-bed, two-building, four-story property that will deliver prior to the 2028/2029 academic year. Phase II will consist of a 200-unit, 586-bed property with 534 parking spaces, to be delivered prior to the 2029/2030 academic year. 

A three-story, 16,000-square-foot standalone clubhouse will serve as the heart of the property, featuring a boutique coffee bar, social and study lounges, gaming and theater areas, and a top-floor fitness and wellness center complete with sauna and cold plunge. Onsite amenities will include lagoon-style pools with cabanas, multiple courtyards, pickleball courts, a half-court basketball area, and a direct shuttle service to the UCF campus.

Stay ahead of the multifamily market at Connect Apartments. Gain firsthand insights from industry leaders on capital markets, development, operations, financing, and investment trends while expanding your network with the people making deals happen. See you on September 22!

Other News

Marcus & Millichap Brokers Sale of Park MacArthur MF Property in Northwest DC

Washington DC + Apartment Buildings

Marcus & Millichap announced the sale of Park MacArthur, a 17-unit multifamily property in Northwest Washington, D.C. The asset sold for $4.3 million. “Park MacArthur stood out in the market as a high-quality asset, professionally maintained by a well-respected seller and ideally located in the Palisades, just minutes from Georgetown,” said John Slowinski, associate director...

Learn more

AI Boom, Affordability Drive Rent Gains in a Handful of Apartment Markets

Apartment Buildings

Even as September marked the 38th consecutive month of annual declines nationwide in apartment rents, two market cohorts are seeing rent gains, Realtor.com reported. The AI boom is spiking demand in the Bay Area, while affordably priced metro areas are reversing their annual declines. The strongest rent growth is in the Bay Area, where the...

Learn more

Greystar Opens New 416-Unit Community North of Boston

Boston & New England + Apartment Buildings

Greystar has begun to welcome residents to Juniper, its fifth apartment community in a formerly industrial neighborhood that the company is redeveloping north of Boston in Everett, MA. The 416-unit property at 201 Mill Road marks the final community delivered as part of Greystar’s $880 million transformation of Everett’s Commercial Triangle Economic Development District, creating...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up