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Florida & Gulf Coast   /   April 26, 2021

Paul Bubny
By: Paul Bubny

Walker & Dunlop Structures Debt on Tampa Student Housing

Walker & Dunlop recently structured $25,350,000 in financing for The Retreat at Tampa, a Class A dedicated student housing property in Tampa. Located adjacent to the University of South Florida, the cottage-style community was built in 2017 and comprises 416 beds.

Senior managing director Will Baker, senior director William Shell and associate director Doug McDaniel provided the debt in collaboration with the student housing team at TSB Capital Advisors. Walker & Dunlop ultimately provided the capital to the buyer, Nimes Real Estate, through its own balance sheet lending program.

Shell said, “Despite uncertainty surrounding the student housing market, we were pleased to be able to offer competitive terms for Nimes Real Estate, an experienced and well-respected student housing operator. The Retreat at Tampa is exceptionally well located and caters to the University of South Florida’s 44,000+ students.”

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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