Two Boca Raton rental properties will be added to Florida Atlantic University’s student housing stock.
Rosemurgy Properties and Giles Capital Group, the developers of the University Park student housing project in Boca Raton, acquired Boca Sol and Addison Park, both on Northeast 20th Street, according to the Sun-Sentinel. Boca Sol sold for $8.7 million, while no sales information is yet listed for Addison Park.
Alex Rosemurgy, head of Rosemurgy Properties, told the newspaper the two acquisitions increase the partners’ investment in the corridor to more than $100 million.
Addison Park has been renamed University View, while Boca Sol has been renamed University Square. [Sun-Sentinel] – Christopher Cameron