TSB Capital Advisors Consults on a Project at Florida State University

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TSB Capital Advisors (TSBCA) recently arranged construction financing on behalf of a joint venture between Athens, Ga. based Landmark Properties and Chicago based Harrison Street Real Estate Capital for The Retreat at Tallahassee.  The partnership has recently begun construction on The Retreat, a cottage complex serving students of Florida State University, Tallahassee Community College and Florida A&M University. The Retreat at Tallahassee will have 178 units and 710 beds, as well as an 11,000-square-foot clubhouse.

Collegiate Construction, an affiliate of Landmark Properties, is the general contractor for the project, and KeyBank is providing the construction financing.

We are excited to bring the Retreat Student Cottage concept to the Tallahassee market. The Retreat offers residents a truly unique lifestyle that should compete well in this market,” said Wes Rogers, Landmark Properties’ CEO.“Our partnership with Harrison Street is allowing us to take our student cottage concept to markets across the country.”

Expanding over 30 acres, The Retreat at Tallahassee will be comprised of 178 residential units, totaling 710 beds. Cottages will feature expansive living rooms, gourmet kitchens, large bedrooms with walk-in closets, outdoor decks, and higher-end features not customarily found in conventional student housing. The Retreat’s extensive amenity package will be unrivaled in the market and include an enormous multi-tiered swimming pool and a multipurpose clubhouse totaling roughly 11,000 square feet and featuring a fitness center, indoor golf simulator and movie theatre. The community will also focus on green space, with numerous outdoor sporting courts. Landmark’s “Retreat Student Cottage” concept has won numerous awards in the past year, including MFE Magazine’s Project of the Year- Student as well as Student Housing Business’ Best Amenity Package.

“Inclusive of these latest projects, our portfolio with Landmark will total approximately 4,700 beds. We are committed to further expanding the platform given our success with both Landmark and our other investments within the broader student housing sector,” said Harrison Street’s Senior Vice President, Brian Thompson.

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