The Canopy

Gainesville, FL

Student Housing - Acquisition

The Canopy

STUDENT HOUSING - ACQUISITION

Gainesville, FL (May 20th, 2025) – ACRES Capital Corp. has funded a $37.5 million loan to finance the acquisition of The Canopy, a 770-bed Student Housing property located in Gainesville, FL

Th property consists of:

• 16.169-acre site in Gainesville, Florida
• Five 3-story residential buildings having 770 beds across 240 units,
• One clubhouse building
• One maintenance building,
• A net rentable area of 318,180 SF.

$37.5 Million

Loan Amount

Acquisition Loan

Loan Product

“This transaction underscores ACRES’ commitment to financing high-quality student housing assets in strong university markets. The Canopy’s proximity to the University of Florida and its scale make it a compelling investment opportunity, and we’re pleased to support the Sponsor in this acquisition.”

- Mark Fogel

ACRES Chief Executive Officer and President

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MULTIFAMILY STABILIZATION

Construction • Bridge • Permanent

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