PHOENIX, AZ – TSB Capital Advisors, the national leader in student housing and multifamily real estate advisory services, successfully arranged financing on behalf of Up Campus Student Living for the construction of “Leo Tallahassee”, a 277-unit, 782-bed luxury student housing property located adjacent to Florida State University in Tallahassee, Florida. CIBC Bank USA provided the construction debt with additional participation from Trustmark and Republic Bank.
“Essentially located inside the university’s boundary, Leo Tallahassee is Florida State’s closest purpose-built student housing to the main quad—literally a nine iron from the Landis Green—and an ideal option for FSU students,” said Ian Bradley of TSB Capital Advisors. “It was a pleasure to work with our friends at Up Campus and all parties involved to make this deal happen.”
Leo Tallahassee’s unparalleled design, finishes, and amenities will offer residents a truly unique living experience at FSU. The project features over 26,000 SF of interior amenity space, as well as an enormous 9,500 SF tenth-floor rooftop deck, highlighted by an expansive pool and hot tub, jumbotron, cabanas, grills, and the best views of campus. Key indoor amenities include a study lounge with individual and group pods, business center, gameday lounge, golf simulator, interior pickleball and basketball courts, a resort-style health and wellness center inclusive of private cross-training studios, as well as a spa zone with a sauna, cold plunge and tanning, and grab-n-go café. Leo’s units will be fully furnished, featuring woodgrain flooring throughout, LED bathroom vanity mirrors, walk-in showers with glass doors, stainless steel appliances, quartz kitchen countertops, flat-screen TVs in every living room, custom roller shades, in-unit washer and dryer, bedroom ceiling fan-lights, individually keyed bedrooms, ethernet outlets in every bedroom, full-size XL beds with under-bed storage, and High-Speed Wi-Fi end-to-end throughout.
“We’re excited to start on ‘Leo Tallahassee’ with what will be the premier student property at FSU when completed for Fall 2027—you really cannot get any closer to the center of campus than this,” remarked Stephen Bus of Up Campus. “We appreciate the city and university for helping realize the vision here to deliver on a superb, high-profile project at a gateway entrance to campus. Thanks again to our capital partners, CIBC, and TSB for helping get this project off the ground.”
Leo Tallahassee is scheduled to deliver Fall 2027, in time for the 2027-2028 academic year.
About TSB Capital Advisors
TSB Capital Advisors is the national leader in student housing and multifamily real estate advisory services, and has offices in Phoenix, Arizona (headquarters), Paoli, Pennsylvania, and Dallas, Texas. Since its creation in 2009, TSB Capital Advisors has helped close over 500 deals and more than $70 billion in student housing and multifamily transactions.
About Up Campus Student Living
Up Campus is a vertically integrated owner, developer, and operator with experience spanning the development and operation of over 50,000 purpose-built beds across 40+ markets. With over 30 years of experience, UP focuses on creating vibrant, sustainable communities that enhance the student experience. Their “Pride of Ownership” philosophy ensures excellence throughout the development process, from site selection to management. Committed to sustainability, Up Campus Student Living integrates sustainable practices to reduce environmental impact and partners with top-tier AEC and finance firms to deliver projects that exceed financial and stakeholder expectations.
