TSB Realty closes sale of 908 Portfolio, totaling more than 1,100 beds
BETHESDA, MD — TSB Realty completed the sale of three student housing communities in a deal announced today by Walker & Dunlop. The closed transactions comprise The Nine @ West Campus and The Nine @ Rio, both located in Austin, Texas, and The Nine @ Tallahassee in Tallahassee, Florida.
The Nine @ West Campus and The Nine @ Rio are both luxury, purpose-built student housing communities located pedestrian to the University of Texas campus and Austin’s revered dining, retail and nightlife hub, “The Drag.” The Nine @ Rio, which delivered in Fall 2018, features top-of-the-line community amenities such as a resort-style pool with tanning shelf, poolside cabana lounge area, expansive clubhouse, 24-hour fitness center, video gaming lounge and more. Delivered in Fall 2019, The Nine @ West Campus includes a resort-style pool and spa deck, poolside Jumbotron, hammock and lounge area, courtyard grilling stations, 24-hour fitness center, yoga studio and more.
The Nine @ Tallahassee boasts the best combination of modern style, luxury finishes and top-of the-line amenities in the Florida State market. Delivered in Fall 2019, the property is located just steps from the Florida State University campus. Community amenities include a resort-style rooftop pool, poolside Jumbotron, private pool cabanas, bowling alley, coffee and espresso bar, indoor and outdoor fitness areas and 24-hour study center.