CBRE Secures $35 Million Acquisition Financing for Student Housing Property in Tampa

Venue at North Campus is located near the University of South Florida in Tampa. (Image courtesy of venueatnorthcampus.com) Venue at North Campus is located near the University of South Florida in Tampa. (Image courtesy of venueatnorthcampus.com)

Tampa, Fla. — CBRE has secured $35 million in permanent financing for the acquisition of Venue at North Campus, a LEED Gold certified student housing community located adjacent to the University of South Florida in Tampa.

Benjamin Roelke of CBRE arranged the long-term, permanent financing on behalf of Horizon Realty Advisors for its newly formed HRA Opportunity Fund. The financing features a low fixed interest rate with full term interest-only payments, and was secured through CBRE’s Fannie Mae Delegated Underwriting and Servicing program, CBRE Multifamily Capital Inc.

The property offers one-, two-, four- and five-bedroom, fully furnished units. Community amenities include a dog park; two pool plazas with tanning decks; a newly remodeled aqua lounge featuring a billiard table, foosball, life-size games and flat screen televisions; barbecue areas and entertainment seating; sand volleyball; an athletic center; tanning dome; private study rooms with smart televisions; a computer center; fire pit; and a coffee bar. 

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