NAPLES, Fla.–(BUSINESS WIRE)–#REIT–Halstatt Real Estate Partners, a real estate private equity firm, today announced a capital commitment to fund a purpose-built student focused housing tower near the University of Tampa campus. Halstatt Real Estate Partners is working in collaboration with Development Ventures Group and InTown Group to build the 23-story tower which will include 188-units for a total of 537 beds, parking and premium amenities to maximize the student lifestyle.
“Halstatt and our partners are delighted to work with the University of Tampa to build students a premier living experience with study rooms, a rooftop pool, wellness center, and collaborative lounge space,” said Bobby Sullivan, principal, Halstatt Real Estate Partners. “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.”
Located at the corner of E. Tyler Street and N. Ashley Drive, the tower will provide an array of bedroom offerings from 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 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.
Halstatt Real Estate Partners identifies value add and opportunistic real estate projects throughout the Florida market. The company partners with qualified sponsors to develop and implement a strategic business and capital improvement plan to maximize demand driven development opportunities.
About Halstatt Real Estate Partners
Halstatt Real Estate Partners (“HREP”), a women-owned real estate private equity firm, has participated in the acquisition and development of over $850 million in Florida-based real estate assets since 2011. Founded by the Sproul family, based in Naples, Florida, and a proud part of the Barron Gift Collier legacy in Southwest Florida, HREP invests in middle market, value add and opportunistic commercial and residential real estate projects. HREP works with best-in-class local and regional operating partners to maximize the value of its real estate investments. HREP invests alongside a cross-section of institutional limited partners from fund to fund including charitable foundations and endowments, domestic and international family offices, and corporate pension funds with a history of continuity. www.halstatt.com
Contacts
Jenna Rambaud
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