Available 1031 Exchange Properties for Purchase of Co-Ownership Interest
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Seminole Suites - Florida State University
Tallahassee, FL - Student Apartment Community

SEMINOLE SUITES EXECUTIVE SUMMARY

(THE FOLLOWING INFORMATION HAS BEEN OBTAINED FROM VARIOUS THIRD PARTY SOURCES  AND NO REPRESENTATION IS MADE AS TO ITS ACCURACY OR COMPLETENESS)

Located at 2421 Jackson Bluff Road in Tallahassee, Florida 32304, Seminole Suites (the “Property”) is a Class-A lease-by-thebed student apartment housing complex serving the nearby Florida State University (“FSU”). Constructed in 2003-2004, the Property is located along Jackson Bluff Road, just south of Tennessee Street, less than one mile from the FSU campus and Tallahassee Community College (“TCC”). Tennessee Street is the main thoroughfare in Tallahassee, containing entertainment, restaurant and retail venues. The Property is also in close proximity to the Governor’s Square Mall, Tallahassee Mall and historic downtown Tallahassee.

Property amenities include two resort-style pools with sun decks, 24-hour fitness center, lighted sand volleyball court, lighted basketball court, 24-hour multi-station computer lab, roommate matching service, spa and cabana area, free vertical tanning dome, video game room, available covered parking, controlled gated access, 24-hour emergency maintenance and free personal climate controlled storage. Available apartment features, which vary from unit to unit, include individual leases, 3 and 4 bedroom suites, private bedrooms and bathrooms, locking individual bedroom, electronic front door locks, modern kitchen appliances, designer furnishings, washers and dryers in every unit, large screen televisions in select units, cable television with

HBO package, Internet access in each bedroom, balcony/patios, ceiling fans and mini blinds.

FSU, home of the Seminoles, enrolls over 40,000 students each year and boasts a diverse population comprised of students from every county in Florida, all 50 states and over 137 countries. FSU offers baccalaureate degrees in 94 programs, master’s degrees in 107 programs, advanced master’s/specialist degrees in 28 programs and doctorates in 73 programs, through 16 colleges and schools. FSU has been designated a “Doctoral/Research University-Extensive,” the top designation by the Carnegie Foundation, and many of the university’s research programs consistently rank among the nation’s top 25 public universities. (Source: www.fsu.edu )

In addition to FSU, Tallahassee is home to more than seven higher learning institutions such as Florida A&M University, TCC and the Lively Technical Center - one of ten centers for electronic excellence in Florida, offering entry-level training in disciplines such as electronics, drafting, aircraft maintenance and computer service. Keiser College, a regionally accredited private junior college, provides accelerated degree programs in areas such as computers, business, allied health and culinary arts. In partnership with TCC, St. Augustine-based Flagler College offers four-year degrees in elementary education and business administration on TCC’s campus.

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