Halstatt Real Estate’s Tampa Student Housing Project Secures Capital Commitment
Halstatt Real Estate Partners of Naples, FL is working with Development Ventures Group and InTown Group to build the 23-story tower, which will include 188-units for a total of 537 beds.
NAPLES, FL— Private real estate equity firm Halstatt Real Estate Partners reports it has secured a capital commitment to fund a student- housing tower near the University of Tampa campus.
Halstatt Real Estate Partners of Naples, FL is working with Development Ventures Group and InTown Group to build the 23-story tower, which will include 188-units for a total of 537 beds. The project will also feature parking and premium amenities.
No financial terms of the funding commitment were disclosed.
Located at the corner of E. Tyler Street and N. Ashley Drive, the tower will provide one, two, and four-bedroom furnished units featuring apartment style kitchens and in-unit washers and dryers. The seventh floor will include a dedicated collaboration space with a clubroom and lounge, coffee bar, gaming area, fitness center as well as outdoor amenities, including a sculptured garden with fire pit, gas grills and a swimming pool.
The building will overlook the campus, Tampa’s Museum District and the Tampa Riverwalk. In addition, the property will incorporate approximately 2,000 square feet of retail space, 334 student dedicated parking spaces and an additional 105 spaces pre-leased to adjacent hotels.
Bobby Sullivan, principal, Halstatt Real Estate Partners, says, “We are confident that the University of Tampa students will appreciate this new housing opportunity and we are looking forward to becoming a part of the student community. Halstatt continues to seek out opportunities to invest in and create premier student housing projects at universities in high growth markets.”
Halstatt Real Estate Partners, a women-owned real estate private equity firm, has participated in the acquisition and development of more than $850 million in Florida-based real estate assets since 2011.
In late October, Halstatt Real Estate Partners, announced the sale of 580 Corporate Center in Tampa. Halstatt, in partnership with Cardinal Point Management, purchased the six-building commercial office space property in March 2017 and implemented a leasing stabilization strategy that generated an additional 150,000 square feet of leasing space and increased occupancy from 54.7% to 94.3%.
In March, a joint venture of Cardinal Point Management of Tampa Bay and Halstatt Real Estate Partners acquired the Trade Center South office building in Fort Lauderdale for $34.35 million.