NAPLES, Fla.--(BUSINESS WIRE)--Halstatt Real Estate Partners, a real estate private equity firm, today announced that The Henry, a purpose-built student housing tower serving the University of Tampa campus, opens for the Fall of 2021 and is fully leased. Halstatt Real Estate Partners collaborated with Development Ventures Group and InTown Group to build the 23-story tower which includes 188-units for a total of 537 beds, a dedicated parking deck, and premium amenities to maximize the student lifestyle.
“We are thrilled to open The Henry both on time and on budget. Delivering this tower to market is a testament to our outstanding partners, our development team, and the University of Tampa,” said Bobby Sullivan, managing director, Halstatt Real Estate Partners. “With the continuous increase in demand for well amenitized and affordable purpose-built student housing, the opening of The Henry at full occupancy validates our business plan to provide resilient and recession resistant properties. We are excited to partner with the University of Tampa and be named the preferred provider of off-campus housing. To our new residents, welcome home.”
Located at the corner of Tyler Street and Ashley Drive, the tower provides an array of floorplans from one-, two-, and four-bedroom furnished units featuring apartment-style kitchens and in-unit washers and dryers. The seventh floor includes a dedicated collaboration space with a clubroom and lounge, coffee bar, gaming area, and fitness center. Outdoor amenities include a sculpture garden with a fire pit, gas grills, and a swimming pool. The building overlooks the University of Tampa’s Campus, Tampa’s Museum District, and the Tampa Riverwalk. In addition, the property incorporates approximately 2,000 square feet of retail space, 334 student-dedicated parking spaces, and an additional 105 spaces pre-leased to adjacent hotels.
“Our student housing portfolio continues to outperform. We are seeing an influx of post COVID pent-up demand across high performing universities coupled with a return to in-person classes which has and will continue to fuel growth in our rents and occupancy,” said Peggy Lamb, principal, Halstatt Real Estate Partners. “We believe this move towards post-COVID job reassessment and life appraisal will send more students to college and Halstatt is well poised in the portfolio to take advantage of these trends which we believe will continue into the foreseeable future.”
Halstatt Real Estate Partners identifies value-add and opportunistic real estate projects throughout Florida and other parts of the Southeast and Texas. The company partners with qualified sponsors to develop and implement a strategic business and capital improvement plan to maximize demand-driven development opportunities.
About Halstatt Real Estate Partners
Halstatt Real Estate Partners (“HREP”), a women-owned real estate private equity firm, has participated in the acquisition and development of over $1 billion in Southeast-based real estate assets since 2011. Founded by the Sproul family, based in Naples, Florida, and a proud part of the Barron Gift Collier legacy in Southwest Florida, HREP invests in middle-market, value-add, and opportunistic commercial and residential real estate projects. HREP works with best-in-class local and regional operating partners to maximize the value of its real estate investments. HREP invests alongside a cross-section of institutional limited partners from fund to fund including charitable foundations and endowments, domestic and international family offices, and corporate pension funds with a history of continuity. www.halstatt.com
