TSB Capital Advisors acts as financial advisor for development of Hub Knoxville
CHICAGO & KNOXVILLE, TENNESSEE — Core Spaces, Schenk Realty and Kayne Anderson Real Estate announced the closing of a $233.3M construction loan to finance the development of Hub Knoxville, a multi-tower, nearly 2,000-bed purpose-built student housing project located in the heart of Knoxville, Tenn. TSB Capital Advisors acted as the financial advisor on the transaction. […]
TSB Capital Advisors acts as financial advisor for new Tucson student property
CHICAGO, ILLINOIS & TUCSON, ARIZONA — Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with approximately $55 billion in assets under management, and Core Spaces, a residential real estate developer, owner and operator, today announced the acquisition of land in Tucson, AZ for the construction of Hub Tucson […]
TSB Capital Advisors arranged financing for acquisition of Canvas Tempe
TEMPE, ARIZONA — University Partners announced today the acquisition of Canvas Tempe, an 826-bed student housing community located near the Arizona State University campus in Tempe. The property was acquired from a joint venture between Toll Brothers and Harrison Street for an undisclosed price. TSB Capital Advisors arranged financing for the acquisition on behalf of […]
Bradley, Power Panel highlight student housing’s positive outlook
AUSTIN, TEXAS —Experts in the student housing industry are bullish on the outlook for the upcoming academic year, citing the strong performance and outstanding fundamentals of the sector. At the recent 15th annual InterFace Student Housing conference in Austin, industry professionals from around the country convened at the JW Marriott downtown to share insights and […]
TSB Capital Advisors arranges acquisition financing for 21 Rio, luxury high-rise near University of Texas
PAOLI, PA — TSB Realty, LLC closed 2022 by successfully completing the sale of 21 Rio, a 156-unit, 296-bed luxury high-rise student housing property located in Austin’s popular West Campus neighborhood and just blocks from the University of Texas campus. Nimes Real Estate (“NRE”) purchased the asset from CA Student Living and Principal Real Estate. […]
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 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 […]