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 a mix of one-, two-, three- and four-bedroom units with bed-to-bath parity. The property — which took home this year’s Innovator Award for Off Campus: Best Package and Offering of Amenities from Student Housing Business magazine — features a rooftop oasis, ground-level outdoor swimming pools, state-of-the-art fitness centers, an outdoor lounge, two clubrooms, a basketball court, academic success centers and study lounges.