Closed Student Housing Development
RISE 34th
Gainesville, FL
369-bed student housing community at 3701 SW 34th Street in Gainesville, Florida, serving the University of Florida. Delivered in 2023, RISE 34th offers spacious, modern one- and two-bedroom apartments with by-the-bed leasing, along with a resort-style pool, game room, study rooms, clubroom lounge, and 24/7 amenity access. The community sits adjacent to Butler Plaza, Gainesville's premier shopping and dining destination.
- Investment
- Equity
- Location
- Gainesville, FL
- Asset class
- Student Housing
- HC2 participation
- $16,600,000
- Units/Beds
- 369 beds
The Opportunity
Why we invested
Ground-up development serving the University of Florida, a flagship Tier 1 university with record enrollment and persistent demand for purpose-built off-campus housing. The one- and two-bedroom product was designed to capture upperclassmen, graduate students, and young professionals, and the Butler Plaza location offers unmatched retail convenience. The project was completed in 2023 and refinanced in 2024.
Our portfolio showcases our ability to uncover unique opportunities, navigate complex transactions, and deliver strong, risk-adjusted returns for our partners.
Execution
Our role in the deal
Sourcing
We identify high-quality assets in supply-constrained markets and partnering with proven operators.
Asset Management
We provide investors quarterly reports, market updates, construction camera access, and audited financials.
Underwriting team
Gabriel Hidalgo, Doug Conner and Jim Crigler review and underwrite every HC2 Capital investment together.
Meet the teamThe property
Project gallery
RISE 34th on SW 34th Street in Gainesville, serving the University of Florida. 
Coffee bar in the RISE 34th clubroom. 
Resident lounge and study nook at RISE 34th. 
Resort-style pool and courtyard at RISE 34th. 
Billiards and game room at RISE 34th. 
Clubroom kitchen and communal table at RISE 34th.
Related investments
Other HC2 Capital investments in the same asset class.
Investors
Investor Portal
Existing investors can access statements, K-1s and distribution history.
