The Bainbridge Companies Completes Land Purchase for Campus Circle Gainesville, a Purpose-Built Student Housing Community Adjacent to the University of Florida

WELLINGTON, Fla., Nov. 14, 2018 /PRNewswire/ -- The Bainbridge Companies (Bainbridge), a leading owner, developer and manager of luxury communities in the eastern U.S., today announced it has completed the purchase of more than 11 acres in Gainesville, Fla. near the University of Florida, on which it will develop Campus Circle Gainesville, a 492-bed student housing community. The community will open in advance of the 2020-2021 academic year. Bainbridge's joint venture development partner is Diamond Realty Investments, Inc.

Located at the intersection of SW 38th Terrace and Hull Road, the four-story, garden-style Campus Circle Gainesville is adjacent to campus and two existing shuttle shops. Hull Road is the major thoroughfare through the south side of campus and leads directly to the nearby student wellness center and athletic fields, including the site of the recently announced $50 million Gators baseball stadium. The property will appeal to students because of its location between the campus and the fastest-growing retail corridor in Gainesville. The corridor includes Butler Plaza, a 2 million-square-foot lifestyle center with more than 150 retail and restaurant options, including Trader Joe's, Whole Foods, and numerous other national chains.

"We are extremely excited about this project," said Alex Eyssen, Vice President of Student Housing for Bainbridge. "This property will combine a great location with exactly the kind of highly amenitized living experience that today's college students demand. The large site, no longer common adjacent to a Tier 1 university like University of Florida, allows for plenty of amenity, recreation, wellness and study space. Additionally, we are looking forward to expanding Bainbridge's existing presence in student housing with this community."

Common-area amenities will include an outdoor lounge and study area, resort-style courtyards, and a swimming pool with WiFi-enabled sundeck and private cabanas. Campus Circle Gainesville will feature a 24-hour fitness center with cardio theater and yoga studio. Additionally, it will have a clubhouse with several spaces, including a lounge and gaming room. Considerable effort was given to the expansive 24-hour private study area which includes open study space, group study areas and a larger conference space. Other community amenities will include dog-walking trails, scooter parking spaces, and both indoor/outdoor bike storage.

About The Bainbridge Companies, LLC

The Bainbridge Companies is a leading owner, developer and manager of luxury multifamily apartment communities in the Eastern United States. Founded in 1997, Bainbridge is a fully integrated family of real estate companies engaged in the development, construction, management and acquisition of residential and commercial real estate. Bainbridge is headquartered in Wellington, FL, and Bethesda, MD, with regional offices in Raleigh, NC, Orlando, FL, Atlanta, GA, and New York City. Our team consists of over 600 passionate professionals across our offices and portfolio.

About Diamond Realty Investments, Inc.

Diamond Realty Investments is a national leader in the investment and development of Multifamily, Student Housing, Medical Office and Industrial real estate properties. Specializing in joint venture partnerships, Diamond Realty has invested in more than 160 Multifamily, Student Housing, Medical Office and Industrial properties with a total acquisition and development cost surpassing $5.8 billion. For more than 24 years, Diamond Realty has partnered with the nation's leading developers to create best in class living and working environments. http://www.diamondrealtyinvestments.com/

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SOURCE The Bainbridge Companies