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Florida & Gulf Coast  + Central Florida  + Student Housing  | 

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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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

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