Off-campus USF housing sells for less

TAMPA — Off-campus housing near the University of South Florida's main campus has changed hands for a price less than it sold for a decade ago.

Collegiate Hall Apartments, located at 2919 Network Place near the intersection of Bearss Avenue and Bruce B. Downs Boulevard, was sold Monday for $16 million, or $88,900 per unit. That was less than the $16.6 million, or $92,200 per unit, the complex sold for in 2005.

Although Collegiate Hall has 180 units, its structure is a little more complicated, as renters typically lease one bedroom in each unit, coming out into a common area. Collegiate Hall, for example, has 560 rooms, averaging three rooms for each unit.