TSB Capital Advisors assists Cardinal Group on recapitalization of 8-property portfolio
DENVER, CO — Cardinal Group Companies announced today the recapitalization of their eight-property student housing portfolio totaling 5,505 beds. The portfolio is located in Tier I universities across the United States and consists of mid-rise and garden-style communities in close proximity to their respective university campuses. Evercore Real Estate Capital Advisory served as the exclusive […]
TSB Capital Advisors acts as financial advisor on 2,248-bed student housing portfolio acquisition
Landmark Properties and Blackstone Real Estate Income Trust Inc. (BREIT) announced today the purchase of 2,248 beds across four student housing properties located in Tier 1 markets. The sale is part of the joint venture announced in August 2021 for the two companies to purchase student housing properties across the United States. TSB Capital Advisors […]
TSB Capital Advisors arranges financing for student housing portfolio totaling more than 8,100 beds
NEW YORK / LONDON — Global Student Accommodation announced today the acquisition of a US portfolio of over 8,100 beds from Harrison Street. Wells Fargo Bank, National Association provided financing for the whole senior loan position arranged by TSB Capital Advisors. This marks the second portfolio successfully acquired by GSA within 12 months of its […]
TSB Capital Advisors serves as financial consultant on new $400 million student housing partnership
LOS ANGELES — Ares Management Corporation and Core Spaces, a leading real estate company and student housing developer, owner and operator, announced today a partnership through funds managed by the Ares Real Estate Group to acquire a portfolio of five purpose-built student housing assets valued at over $400 million. TSB Capital Advisors acted as financial advisor […]
TSB Capital Advisors arranges acquisition financing for student housing property near Kennesaw State University
PAOLI, PA — TSB Realty announced today the sale of Bixby Kennesaw, a 179-unit, 656-bed student housing community located near Kennesaw State University in Kennesaw, Georgia. Gilbane Development Company sold the property to an undisclosed joint venture partnership. TSB Capital Advisors helped arrange the acquisition financing for the undisclosed buyer. “Once it was delivered last […]
TSB Capital Advisors arranges acquisition financing for 943-bed student housing property at Arizona State University
TEMPE, AZ — University Partners announced today the acquisition of Apollo Tempe, a 943-bed student housing community located near the Arizona State University campus in Tempe. Timothy S. Bradley and Shawn D. Sweeney of TSB Capital Advisors arranged acquisition financing on behalf of University Partners. Gilbane Development Co. delivered the community in 2020. Apollo features […]
TSB Capital Advisors arranges acquisition financing for ultra-luxury student housing community located near the University of Texas at Austin
PAOLI, PA — TSB Realty, an affiliate company of TSB Capital Advisors, announced today the sale of Villas on Rio, a 279-unit, 858-bedroom ultra-luxury student housing community located near the University of Texas in Austin’s popular West Campus neighborhood. An affiliate of Blue Vista Capital Management, LLC (“Blue Vista”) purchased the property from Villas Student […]
TSB Capital Advisors arranges construction financing of new 577-bed student housing building in Los Angeles
NEW YORK CITY — Square Mile Capital Management LLC (“Square Mile Capital”) today announced the closing of construction financing for the Hub on Campus II, a to-be-built 577-bed student housing building located at the University of Southern California in Los Angeles, California. Square Mile Capital served as the mezzanine lender with PacWest Bank as the […]
TSB Capital Advisors serves as financial advisor to new joint venture recapitalizing eight student housing properties
Landmark Properties announced today it entered into a joint-venture partnership with Blackstone Real Estate Income Trust, Inc. (“BREIT”) to recapitalize eight student housing assets totaling 5,416 beds across the U.S. TSB Capital Advisors acted as financial advisor to both Landmark Properties and BREIT. With this transaction, Landmark’s portfolio includes 79 student housing communities. “We are […]
TSB Capital Advisors collaborates on $25 million in financing for acquisition near University of South Florida
BETHESDA, MD — Walker & Dunlop announced today that it structured $25,350,000 in financing for The Retreat at Tampa, a Class A dedicated student housing property in Tampa, Florida. Located adjacent to the University of South Florida, the cottage-style community was built in 2017 and comprises 416 beds in total. TSB Capital Advisors worked with Walker & Dunlop Senior Managing Director Will Baker, […]