$24M University of Florida student housing refinancing secured for The Row's 182-bed community

CHICAGO, July 15, 2026 –  JLL Capital Markets announced today that it has secured a $24 million refinancing for The Row, a 182-bed student housing community located directly adjacent to the University of Florida campus in Gainesville, Florida.

JLL represented the borrower, The Ardent Companies, in arranging the three-year, floating-rate loan through GID.

The Row, located at 407 SW 13th St., stands out in the competitive University of Florida student housing market by achieving 100% pre-leasing for the 2026-2027 academic year with 4% year-over-year rent growth. The seven-story property has consistently maintained 99% or higher occupancy since Fall 2023.

The University of Florida, ranked as the nation's #5 public university by Forbes in 2026 and designated as a "New Ivy" for its academic excellence, enrolled a record 63,148 students in fall 2025. With only approximately 8,000 on-campus beds available and no live-on requirement, over 50,000 students seek off-campus housing. New supply falls dramatically short of this demand: just 705 beds will deliver during the next academic year. This creates a significant supply-demand imbalance, as enrollment growth has outpaced new bed deliveries by more than 2-to-1 over the past two years, which is a structural deficit that supports strong fundamentals for off-campus housing providers.

The property distinguishes itself through modern design and comprehensive amenities, including Latch smart entry systems, quartz countertops, in-unit washers and dryers, a resort-style deck with reflective pool and study rooms on every floor. The building also features 4,315 square feet of ground-floor retail space.

JLL Capital Market’s Debt Advisory team was led by Senior Managing Director Melissa Rose, Senior Director Mike Brady and Senior Analyst Christian Johnston.

"The Row exemplifies the strength of purpose-built student housing in premier university markets," said Rose. "The property's immediate campus adjacency, contemporary design and exceptional pre-leasing velocity demonstrate the sustained demand for quality off-campus housing at flagship research institutions like the University of Florida."

“The refinancing of The Row reflects the strength of the asset and demand for well-located student housing in top-tier university markets,” added Grayson Jacobs, Director at Ardent. “With the property fully occupied, pre-leased for the 2026–27 academic year and its final retail space committed, this refinancing marks another important milestone for The Row as it continues to deliver strong results."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

The Ardent Companies is a privately held real estate investment firm focused on opportunistic and diversified investment strategies. Founded in 2015, the firm has completed more than $5.5 billion in transactions and maintains $3 billion in assets under management. Ardent operates from offices in Atlanta, New York, London, Charlotte, Los Angeles and Miami with a team of more than 55 professionals.