Terrapin Row

University of Maryland
418 Units | 1,493 Beds

TSB Realty successfully closed the largest single asset trade of 2017 in student housing. Toll Brothers and affiliates of Ares Management engaged our firm to sell Terrapin Row via a full marketing process. TSB Realty worked diligently with the ownership to compile a pro forma budget that reflected a standard student housing operation. Numerous offers were received on the project from national and international buyers. Terrapin Row was successfully sold in 2017.

Property Summary
• Ultra-modern mid-rise apartments
• Meets LEED-ND qualifying standards
• 418 Units | 1,493 Beds
• Year Built: 2016
• Deal closed: 2017

Property Amenities
• Located adjacent to the University of Maryland
• State-of-the-art fitness center
• Wrap-around park with exercise station
• Resort-style swimming pool
• Computer-controlled proximity card access system
• Apple and PC computer center

Property Description
Terrapin Row is located in the heart of College Park, directly adjacent to the University of Maryland and within walking distance to area restaurants, nightlife and shopping. Designed in a modern aesthetic and to LEED-ND qualifying standards, the newly constructed community offers a mix of studio through four-bedroom floor plans, plus select two- and four-bedroom townhome-style units. Amenities include a resort-style courtyard with pool, volleyball court, outdoor television and kitchen area, quiet courtyard, state-of-the-art fitness center with interactive group fitness room and sauna, golf simulator, controlled access buildings, complimentary Starbucks coffee bars, media and gaming clubrooms and a private parking garage. Terrapin Row offers University of Maryland students unparalleled access to campus and local attractions, as well as over-the-top amenities, making it the premier student housing community in College Park.