Investment Overview

Marcus & Millichap is pleased to present Elevate on Cascades, a 100-bed student housing community located in Tallahassee, FL, offering a compelling physical and operational value-add opportunity in one of the market’s most rapidly evolving submarkets. Positioned within Tallahassee's most transformative urban infill corridor, Elevate on Cascades benefits from a highly walkable location to both Florida State University and Florida A&M University, supporting consistent demand and long-term occupancy stability. Featuring true bed/bath parity with covered parking, Elevate on Cascades has already demonstrated the ability to achieve rent premiums through interior renovations and presents a clear, scalable path to continued NOI growth. With approximately one-third of units remaining in classic condition, a new owner can execute a disciplined renovation program while also capturing mark-to-market upside as in-place rents remain below nearby comparable properties. Additional revenue growth can be achieved through furnishing standardization and operational alignment with institutional student housing assets. Located along the transforming FAMU Way corridor and supported by a combined student population exceeding 55,000, Elevate on Cascades offers investors a rare opportunity to acquire a path-of-growth asset with multiple layers of upside and durable demand fundamentals.