PHOENIX, AZ - TSB Capital Advisors, the national leader in student housing and multifamily real estate advisory services, successfully arranged a floating-rate loan on behalf of Article Student Living to refinance Identity Dinkytown, a 308-unit, 922-bed luxury student housing property located near the University of Minnesota in Minneapolis, Minnesota.
“This was a great opportunity to continue our strong relationship with Article,” said Harrison Reid of TSB Capital Advisors. “Identity Dinkytown checks all the boxes: it serves a Power 4 school with a growing enrollment, it’s a newer property with best-in-class amenities, and it’s perfectly located in the market’s most desirable neighborhood. We were thrilled to work on this exceptional property within Article’s portfolio.”
Delivered in 2023, Identity Dinkytown is among the newest additions to the University of Minnesota off-campus housing market. Located adjacent to campus and within the popular Dinkytown neighborhood, residents can easily walk to both academic buildings and the area’s vibrant mix of restaurants, coffee shops and retail. The community features a mix of fully furnished apartments ranging from studio to five-bedroom, plus amenities such as a 24-hour fitness center with sauna and tanning beds, golf simulator, rock climbing wall, multiple study spaces, and outdoor courtyards with a hot tub, fire pits and grills. Each unit offers modern finishes such as quartz countertops, stainless-steel appliances, wood-style flooring, in-unit washer/dryer, and smart TVs.
Article Student Living is a vertically integrated investment, development, and operations firm focused on student housing assets throughout the U.S. Article currently has over $3.0 billion in assets under management, including 47 assets across 37 major U.S. markets. The Article team oversees 22,400 student beds in 21 different U.S. states.
TSB Capital Advisors is the national leader in student housing and multifamily real estate advisory services, and has offices in Phoenix, Arizona (headquarters), Paoli, Pennsylvania, and Dallas, Texas. Since its creation in 2009, TSB Capital Advisors has helped close over 550 deals and more than $80 billion in student housing and multifamily transactions.