— Well Located Property
The Standard is extremely well positioned for FSU students as it is pedestrian to campus, being located only 0.1 miles from FSU’s northeast campus corner. The property is situated along West Virginia Street allowing access to the main academic core of campus at Landis Green within 10 minutes. It is also a short walk to many local eateries as well as the student activities center. This walkable location is particularly beneficial as FSU is known for lacking sufficient student parking for those driving to campus daily. FSU students often cite a pedestrian location as the most important factor in deciding where to live in Tallahassee.

— Differentiated Product
The Standard offers one of the most extensive amenity packages available in the market with 13,958 SF of interior amenity space and 28,962 SF of exterior amenity space, including a 3,000 SF resort-style pool. The fourth story rooftop pool deck is also one of only a few rooftop pools within the FSU market. The Property is also one of the only infill properties within the market to offer five- and six-bedroom units.

— Leading PBSH Student Housing Market in Nation
FSU’s student housing market has experienced upward pressure due to the university’s unwaveringly high demand. This, combined with unprecedented rent growth experienced nationwide in both the conventional multifamily and student housing market, has made FSU a leader in rent growth across the nation. College House ranks Tallahassee among the top PBSH markets, reporting nearly 7% YOY rent growth. Furthermore, the FSU PBSH market has averaged over 97% occupancy over the last three years for 2010 or newer vintage properties per Axiometrics.

— Tier 1 University
Florida State University is the flagship university in Florida and is ranked the #23 public university in the country and the #54 national university according to U.S. News & World Report’s 2024 rankings. It is recognized by The Carnegie Classification of Institutions of Higher Education as a R1 (Tier 1) research university. Florida State University is one of the largest universities in Florida with a Fall 2024 enrollment of nearly 44,000 students. FSU recorded ~76,800 applicants for Fall 2024, up 4% from Fall 2023. Moreover, the admitted student rate has decreased significantly in the last 5 years, down to 22% in Fall 2024 from 36% in Fall 2019. FSU can afford to be more selective in their enrollments due to its extraordinary education and the strong desire from students across the globe who want an FSU college experience. FSU’s most recent first-year class hails from all 67 Floridian counties, all 50 states, and 46 countries, highlighting the university’s worldwide appeal.

— University Committed to Future Success
Florida State University enjoyed a remarkable year of achievements in 2022 while setting a foundation for future success by launching the new FSU Health Initiative, breaking ground on the College of Business Legacy Hall and celebrating the inauguration of an exciting new president with extensive experience in Harvard’s leadership. Legacy Hall will be the new College of Business facility and is expected to be the hub of business education, collaboration and development for FSU, elevating the college’s reach nationally and globally. In addition, FSU officially opened its doors to the new Student Union in 2022.