PHOENIX, AZ - TSB Capital Advisors, the national leader in student housing and multifamily real estate advisory services, successfully arranged acquisition financing and advised on the joint venture partnership of ARTISAN Capital Group (ACG) and EOS Investors for Union on Lincoln Way, a 177-unit, 537-bed student housing property located near Iowa State University in Ames. Freddie Mac provided the financing via Capital One.
“Union’s combination of location and amenities is already second-to-none, and yet it represents outstanding future potential in a Power Five market,” said Timothy S. Bradley of TSB Capital Advisors. “I’m grateful for the efforts of Stephen Hovanec and our team at TSB, as well as our friends at ARTISAN, EOS, Freddie Mac and Capital One for steering this deal across the finish line.”
Delivered in 2018, Union on Lincoln Way is the newest asset in the Ames market and located adjacent to the Iowa State University campus. The property offers studio, one-, two-, three-, four- and five-bedroom units, each fully furnished and featuring stainless steel appliances, granite countertops, hardwood-style floors, fully equipped kitchen, and in-unit washer and dryer. Community amenities include a swimming pool, fitness center, resident clubhouse, fire pits and grilling area, business center, and study rooms.
ARTISAN Capital Group, headquartered in Chicago, Illinois, with a regional office in Des Moines, Iowa, is a leading real estate investment firm that owns and manages market-rate multifamily and student housing communities across six states. With a Midwest-focused market-rate strategy and a national approach for student housing, ACG has grown its portfolio to over 7,000 apartment units since its formation in 2017.
EOS is a fully integrated investment firm dedicated to identifying and creating value within the hospitality sector. EOS utilizes a highly selective investment approach focused on high-quality, differentiated assets with attractive risk-adjusted returns. Headquartered in New York City, EOS seeks investment opportunities across the United States, with an emphasis on major urban markets and resort destinations.
TSB Capital Advisors is the national leader in student housing and multifamily real estate advisory services, and has offices in Phoenix, Arizona (headquarters), and Paoli, Pennsylvania. Since its creation in 2009, TSB Capital Advisors has helped close over 450 deals and more than $60 billion in student housing and multifamily transactions.