A top 25 market in the country where the managing partners reside and have well-established real estate relationships. Market knowledge is strong and more importantly, sub-market knowledge for "finding the diamond in the rough" is an advantage.
With the fastest growing economy per capita in Florida, the Tallahassee MSA is growing twice that of other economies in the state and 30% above national average. Add onto that that Florida State University (FSU) exceeds 45,000 students and continues to grow, this power 5 school in the Atlantic Coast Conference provides tremendous upside for both student housing as well as workforce opportunities.
The University of Georgia’s (UGA) student population continues to grow. Along with the strength of being a power 5 school in the southeastern conference, and being in a state that is growing, we predict a tremendous future upside focusing on student housing in this market. There are many value adds, as well as ground-up student housing opportunities within this market.
Our focus is to research and contact off-market owners and be on call for pocket listings in markets with established knowledge, teams, and relationships to act quickly and manage the acquisition process properly. In instances where relationships refer opportunities in other markets, DMF visits each location and engages with the community and property when the development criteria are met.