PHOENIX, AZ – TSB Capital Advisors, the national leader in student housing and multifamily real estate advisory services, successfully arranged financing on behalf of Capstone Collegiate Communities for the construction of a new 165-unit, 532-bed luxury student housing property located adjacent to the University of Arizona in Tucson, Arizona. A Fortune 100 insurance company provided the equity financing.
“Tucson continues to be one of the nation’s strongest student housing markets, with demand still outpacing supply,” said Timothy S. Bradley of TSB Capital Advisors. “When you combine those strong market fundamentals with a high barrier for entry in the desirable Main Gate area, it makes this a really desirable project. We were thrilled to work with our friends at Capstone to help make it happen.”
Located in the heart of Tucson’s vibrant Main Gate Square submarket and adjacent to the University of Arizona campus, the property will offer studio, one-, two-, three-, four-, five- and six-bedroom floor plans. Outdoor amenities are highlighted by a resort-style pool with sun deck, courtyard, grilling stations, covered kitchen and dining area, hammock lounge, and open green space. Indoor amenities include a 24-hour state-of-the-art fitness center, cold plunge, sauna, tanning rooms, 24-hour clubhouse with games and social areas, private and group study lounges, multimedia room, and coffee bar.
The Tucson development 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 Capstone Collegiate Communities
Capstone Collegiate Communities was formed in January 2012 as part of the restructuring of Capstone Development, the most active and experienced developer of student housing in the country for more than 21 years. Today, Capstone Collegiate Communities carries on Capstone Development’s legacy in the student housing industry with a specific focus on off-campus and new construction developments. Since transitioning to Capstone Collegiate Communities over the last 13 years, Capstone’s portfolio features 48 communities developed with more than $2.6 billion in project costs.
