REBusinessOnline

TSB Realty Brokers Sale of New Student Housing Community Near University of Maryland

The 1,493-bed Terrapin Row is located adjacent to the University of Maryland in College Park, Md.

COLLEGE PARK, MD. — TSB Realty LLC has arranged the sale of Terrapin Row, a 1,493-bed student housing community located adjacent to the University of Maryland in College Park. A joint venture between Toll Brothers Campus Living and a fund managed by Ares Management developed the property, delivering in the fall of 2016. The sales price and buyer were not disclosed. Terrapin Row offers a mix of studio to four-bedroom floor plans, plus selected two-and four-bedroom townhome-style units. Community amenities include a resort-style pool, volleyball court, outdoor television and kitchen area, fitness center, golf simulator, media and gaming rooms and complimentary Starbucks Coffee kiosks. Pinnacle Campus Living, a newly formed joint venture between Pinnacle Property Management Services and Campus Evolution Villages, will manage the property.

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