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 Housing.

TSB Capital Advisors, an affiliate of TSB Realty, arranged the acquisition financing for Blue Vista.

“This is a phenomenal new asset in the Austin market and one that will be a jewel in the Blue Vista portfolio,” said Timothy S. Bradley, a principal with TSB Realty and the founder of TSB Capital Advisors. “Between the jaw-dropping amenities package and its innovative pod-style floor plans, there’s a reason Villas on Rio was 100% preleased before it opened.”

Jason Schwartz, Blue Vista’s Managing Principal of Student Housing said, “Blue Vista is proud to be the partner of choice for our Korean institutional investor base. The acquisition of Villas on Rio at the University of Texas at Austin highlights the type of premier student housing investment that we pursue, as well as our commitment to providing students with highly amenitized living accommodations.

Delivered in Fall 2021, Villas on Rio offers best-in-class community amenities resembling those of a five-star resort. Highlights include a rooftop swimming pool with cabanas and hot tub, full spa with hydrotherapy pools, individual steam rooms and saunas, massage chair and Zen meditation rooms, fitness center, and more. Units contain stainless-steel oversized appliances, chef kitchens with islands, peninsulas or breakfast bars, and hi-tech features including smart controls for music, TV and lighting.

“Villas on Rio is the culmination of almost three years of creative planning by our team,” said Brad Zucker, CEO of Villas Student Housing. “We believe Villas on Rio is the most sophisticated, student-functional and luxurious student housing building in the country. It is a trophy asset, which was validated by being the first property in a competitive market to reach 100% preleased. As we expand our footprint, it is our desire to continue to be an innovator in this sector and develop creative, functional spaces that will align with the most current needs of students in many other major markets.”

Blue Vista is a leading investment management firm focused on helping investors maximize returns through best-in-class real estate strategies in student housing, middle market equity and middle market lending. Since 2003, Blue Vista has acquired and/or developed over $3.0 billion in student housing properties, representing 40,000+ beds at 80 properties across the United States. Across its three platforms, the firm has invested over $11.0 billion in total capitalization since its inception in 2002, with the goal of challenging the status quo, setting high standards and bringing a relationship-based, client-focused approach to real estate investing.

Villas Student Housing, based in Austin, Texas, has developed seven student housing projects under “The Villas” brand and is poised to begin a broader expansion into new major markets.

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