TSB Capital Advisors helps close one of largest single-asset purchases in student housing history
NEW YORK — Vesper Holdings announced today its acquisition of Sol y Luna, a two-tower, high-rise luxury student housing complex located in Tucson, Arizona. The acquisition ranks among the five largest single-asset purchases in student housing history and the largest not involving institutional capital. Vesper was advised on the transaction by Timothy Bradley from TSB Capital Advisors. […]
TSB Capital Advisors arranges financing for Landmark Properties’ second Build-to-Rent neighborhood
ATHENS, Ga — Landmark Properties announced today the second groundbreaking from its new “build-to-rent” (BTR) division focused on single-family rental home neighborhoods. Construction is scheduled to begin in October at The Everstead at Windrose in Spring, Texas. The project will be pursued in a partnership with Principal Real Estate Investors. TSB Capital Advisors arranged financing for the […]
TSB Capital Advisors arranges financing for Landmark Properties’ first Build-to-Rent Neighborhood
ATHENS, Ga — Landmark Properties announced today the first groundbreaking from its new “build-to-rent” division focused on single-family rental home neighborhoods. Construction began in September at The Everstead at Madison in Madison, Ala., and the company’s build-to-rent division will bring more single-family homes on the market to meet current demand across the country. TSB Capital […]
TSB Capital Advisors serves as financial advisor on $13 billion acquisition of American Campus Communities
AUSTIN, Texas & NEW YORK — Blackstone today announced that Blackstone Core+ perpetual capital vehicles, primarily comprising Blackstone Real Estate Income Trust, Inc. and Blackstone Property Partners, have completed the previously announced acquisition of all of the outstanding shares of common stock of American Campus Communities, Inc., the largest developer, owner and manager of high-quality […]
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 […]