TSB Realty closes sale of 345 Flats, student housing property near Kent State University

PAOLI, PA — TSB Realty, LLC completed the sale of 345 Flats, a 147-unit, 288-bed student housing community located near Kent State University in Kent, Ohio, to NB Private Capital.

“345 Flats is the only property in the marketplace that provides pedestrian access to campus and downtown,” said Randall L. Calvert of TSB Realty. “Additionally, the property boasts the best in-unit amenities in the marketplace.”

345 Flats, located directly between downtown Kent and Kent State University, offers a mixture of studio, one-, two- and four-bedroom units. Community amenities include a spacious TV lounge, state-of-the-art fitness center, computer center, study lounges, covered parking in a secured garage and bike storage. Fully furnished units feature hardwood flooring, granite countertops, stainless steel appliances, in-unit washer and dryer, ceiling fans and city skyline views in select units.

TSB Realty is a full-service, national investment sales firm specializing in the valuation and disposition of student housing communities and conventional multifamily communities. In the last two years, the Paoli, Pennsylvania-based firm has closed more than $2 billion in student housing sales comprising over 8,000 units and 20,000 beds.