Radius @ 15th

University of Minnesota
200 Units | 772 Beds

TSB Realty was engaged by University Student Living and North Bay Companies to sell Radius @ 15th in Minneapolis, Minnesota, via an off-market process directly approaching known core buyers of student housing. TSB Realty secured multiple offers for the property, and radius @ 15th was successfully sold in 2018 to a venture between Timberline Real Estate Ventures and Heitman LLC, on behalf of a Heitman affiliate. The property is master-leased to the University of Minnesota.

This transaction represents the TSB Realty ideal of “redefining relationships” by working with clients to meet both their immediate and long-term financial goals. When the property was initially built, our affiliate company, TSB Capital Advisors, handled the construction financing and JV equity. Three years later, TSB Realty handled the property’s successful sale.

Property Summary
• Six-level “cabin-style” student apartment building with underground parking
• Master-leased to the University of Minnesota
• 200 Units | 772 Beds
• Year Built: 2015
• Deal closed: 2018

Property Amenities
• Located adjacent to the University of Minnesota
• Outdoor hot tub, fire pits and barbecue grills
• Study rooms on every floor
• Fully furnished units with top-of-market amenities

Property Description
Radius @ 15th is an amenity-rich student housing community located in Minneapolis’s popular Dinkytown neighborhood. Surrounded by popular nightlife and retail, the property features a clubhouse, fitness center, community center, study rooms on every floor, hot tub, fire pits, barbecue grills, tanning and an underground parking garage. Units are fully furnished and include a washer and dryer, stainless steel appliances, flat-screen TV and private balconies or patios in select units.