Tailwind Group and its partners are pleased to announce the acquisition of 3949 Apartments, a 197-unit, 256-bedroom property in St. Louis, MO. The property is located just steps away from St. Louis University and consists of studios, one-bedroom, and two-bedroom apartments. This acquisition is Tailwind Group’s first of 2024 and first exposure to the St. Louis market. The asset was purchased from Greystar and was brokered by Ryan Lang and his team at Newmark.
Upon closing, the property was rebranded to The Landing at St. Louis. Tailwind Group has immediate plans to renovate the leasing office, amenity spaces, and various common areas throughout the building.
“We were excited to get this transaction to the finish line,” said Krystal Pierce, Tailwind Group’s Vice President of Investments and General Counsel. “While St. Louis University is not a traditional Power-5 school that we typically enter, we are extremely optimistic about the growing enrollment and stability of SLU as well as the premiere location relative to campus. With our planned renovations and management plan, we believe this will be a very strong asset in our student housing portfolio.”
Tailwind Group is a top-20 owner and manager of off-campus student housing in the country, with 33 different communities comprising nearly 15,000 bedrooms in their portfolio. Their reach spans across 15 states and 18 universities.
Inquiries:
Brandon Smith, VP of Operations & Development
Krystal Pierce, VP of Investments & General Counsel
