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TSB Realty Arranges Sale of 775-Bed Student Housing Community Near Arizona State University

Sterling-920-Terrace-Tempe-AZ

Sterling 920 Terrace offers 775 beds near Arizona State University.

TEMPE, ARIZ. — TSB Realty has arranged the sale of Sterling 920 Terrace, a 775-bed student housing community located near Arizona State University in Tempe. Coastal Ridge Real Estate purchased the property in a joint venture with iA Financial Group from The Dinerstein Companies and Harrison Street Real Estate. Terms of the transaction were undisclosed.

The property offers studio, one-, two- and four-bedroom units. Shared amenities include a pet park; resort-style swimming pool and hot tub; a poolside lounge with hammocks and a television; a two-story fitness center, yoga area and boxing room; grilling stations; a fire pit; a business center; and private study rooms.

TSB Capital Advisors arranged acquisition financing on behalf of the buyer.

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