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About Farrah Falcone

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So far Farrah Falcone has created 15 blog entries.

Celebrating Excellence: Tailwind Group’s Century Chasers Rewarded with a Cancun Retreat

As snow, ice, and cold temperatures affected most of the United States in the middle of January, our 2023-2024 group of ‘Century Chasers’ enjoyed a weekend getaway in beautiful Cancun, Mexico. This trip served as the annual reward for our on-site teams who achieved 100% preleased and maintained an occupancy of 99% or greater for the current academic year. Surrounded by the support departments, leadership teams, and plus ones who helped guide them to this achievement, Tailwind Group was proud to host 105 attendees at the Azul Beach Resort. It was by far our largest group to date and included 17 on-site teams that represented 23 properties getting to the 100% mark. This is the pinnacle achievement for leasing in the student housing industry and we could not be more thankful for the hard work, dedication, and tenacity that these teams showed to get to the finish line. A reward well deserved, we can’t wait to see many of them back for next year and are looking forward to adding many more to the group in years to come!

Congratulations to the following properties for joining Tailwind’s 2023 Century Chasers group.

College Town Oxford (Oxford, MS)
RentMSU/Block 518 (Mankato, MN)
The Quarters at Mankato/Lofts@1633 (Mankato, MN)
The Quarters at East Lansing Portfolio (East Lansing, MI)
College Town Mankato/Carson Townhomes (Mankato, MN)
The Quarters at Oxford (Oxford, MS)
The Quarters at Bloomington (Bloomington, IN)
The Quarters at Stillwater (Stillwater, OK)
The Quarters at Vermillion (Vermillion, SD)
The Quarters at Cedar Falls (Cedar Falls, IA)
The Quarters at Lawrence (Lawrence, KS)
The Quarters at Columbia (Columbia, MO)
The Landing at Fayetteville (Fayetteville, AR)
The Nest Iowa City/College Street Studios (Iowa City, IA)
The Quarters at Ames (Ames, IA)
The Landing at College Station (College Station, TX)

2024-02-01T13:09:33-06:00February 1st, 2024|

Tailwind Group’s Fifth Major Student Housing Acquisition in 2023

Tailwind Group and its partners are pleased to announce the acquisition of Ozark Villas, a 213-unit, 670-bedroom property in Fayetteville, AR.  The purchase represents Tailwind’s fifth major student housing acquisition in 2023, and second in the University of Arkansas market.  The asset was purchased from Fountain Residential Partners and the transaction was brokered by Teddy Leatherman and her team at JLL.

College Town Fayetteville

Upon closing, the property was rebranded to College Town Fayetteville. Tailwind Group plans to embark on major exterior renovations soon after closing.

“We are excited to add another student housing asset in Fayetteville,” said Lane Gravley, Tailwind Group’s President. “It’s one of the premiere markets in the country and we see continued upward momentum. With the success of our current asset (The Landing at Fayetteville) we are confident in implementing our capital improvement plan and core management strategy to greatly improve the resident experience and provide our investment partners with strong returns. I am extremely proud of our entire team on getting this deal to the finish line, especially considering the volatility in the economy right now.”

Prior student housing acquisitions during the calendar year included assets in Fayetteville, AR, Lawrence, KS, Baton Rouge, LA, and Wichita, KS.

Tailwind Group is a top-20 owner and operator of off-campus student housing in the country, with over 15,000 bedrooms in their portfolio. Their properties span across 15 states and 18 university markets.

Inquiries:
Brandon Smith, VP of Operations & Development
Krystal Pierce, VP of Investments & General Counsel
Nick Sheak, Director of Investments

2023-12-05T15:36:15-06:00December 5th, 2023|

Iowa City Entryway Project Gets a New Look

Land that held ramshackle mobile homes is under contract

NOVEMBER 19, 2023 BY

IOWA CITY — Roughly 73 acres along Interstate 80 and Dubuque Street once planned as a new gateway development into Iowa City — displacing mobile home tenants in the process — now is being marketed for a mix of residential, commercial and retail development.

The property is listed for sale and being marketed by The Tailwind Group, a Minnesota-based real estate development and acquisition company serving as master developer for the property.

“We have the property under contract and have done all the due diligence on it and are working toward closing,” said Jon Fahning, director of real estate development with The Tailwind Group.

Read the full article: https://www.thegazette.com/news/iowa-city-entryway-project-gets-a-new-look/

2023-11-27T09:26:18-06:00November 19th, 2023|

Tailwind Group Expands its Student Housing Portfolio to Kansas

Tailwind Group and its partners are pleased to announce two acquisitions in their student housing portfolio. In the middle of April, the acquisition of Legends Place Apartments in Lawrence, Kansas was completed. In the final week of April, the purchase of Aspen Heights in Wichita, Kansas was finalized. The two acquisitions represent Tailwind Group’s third and fourth major student housing transactions of 2023.

The Quarters at Lawrence | Previously Legends Place | Lawrence, KS

Legends Place Apartments is a 632-bedroom, garden style community located near the University of Kansas. The asset was purchased from ApexOne Investment Partners and the deal was brokered by Ryan Lang and his team at Newmark. Aspen Heights is a 327-bedroom complex that sits right next to the Wichita State University campus. The asset was purchased from Aspen Heights Partners and the deal was represented by Teddy Leatherman and her team at JLL.

Altitude at Wichita | Wichita, KS

Aspen Heights was rebranded upon acquisition to Altitude at Wichita. Legends Place will be rebranded within the next couple months and has major capital improvements planned.

Tailwind Group is a top-20 owner and operator of off-campus student housing in the country. They own and manage 32 properties located near 19 different colleges or universities. These 32 properties make up nearly 14,500 bedrooms.

Inquiries:
Brandon Smith, VP of Operations & Development
Krystal Pierce, VP of Legal & Administration
Nick Sheak, Director of Investments

2023-05-08T12:09:50-05:00May 8th, 2023|

Tailwind Group Closes on Two Student Housing Properties

Tailwind Group and its partners are pleased to announce two recent acquisitions in their student housing portfolio. At the end of February, the purchase of Spectrum Apartments in Fayetteville, Arkansas was completed. Last week, the purchase of The Sterling in Baton Rouge, Louisiana was finalized. The two acquisitions represent Tailwind Group’s first two major student housing acquisitions of 2023.

The Landing at Fayetteville | Previously Spectrum Apartments | Fayetteville, AR

Spectrum Apartments is a 504-bedroom, garden style community located near the University of Arkansas. The Sterling is a 340-bedroom midrise building that sits right next to the Louisiana State University (LSU) campus. The Spectrum Apartments asset was purchased from Bridge Partners and the deal was brokered by William Vonderfecht and his team at CBRE. The Sterling was purchased from an undisclosed seller and the deal was represented by Mike McGaughy and Jon Kleinberg of Transwestern.

The Sterling | Baton Rouge, LA

Both assets will be rebranded and have major capital improvements planned.

“We have furthered our expansion into SEC markets with these two acquisitions,” said Nick Sheak, Tailwind Group’s Director of Investments. “We believe in the long-term strength and upside of both Arkansas and LSU. We’re excited to implement our management strategy and capital improvements to enhance the resident experience and in turn provide our investment partners with strong returns.”

Tailwind Group is a top-20 owner and operator of off-campus student housing in the country. They own and manage over 30 properties located near 17 different colleges or universities. These 30 properties make up over 13,000 bedrooms.

Inquiries:
Brandon Smith, VP of Operations & Development
Krystal Pierce, VP of Legal & Administration
Nick Sheak, Director of Investments

2023-04-02T20:54:56-05:00April 2nd, 2023|

UM to Contract with Quarters Oxford Apartments for Student Housing

Alliance to be university’s first third-party contract for student accommodation

FEBRUARY 23, 2023 BY

OXFORD, Miss. – The University of Mississippi has contracted with The Quarters Oxford to expand student housing in anticipation of future enrollment growth.

Located a short walk west of campus, the apartment complex will provide space for up to 400 student residents.

“To meet the needs of the university’s expanding enrollment, the Department of Student Housing needed to secure additional beds for first-year students,” said John Yaun, assistant vice chancellor for student affairs and director of student housing. “We coordinated efforts through the university to develop an RFP process to identify potential housing properties in Oxford that would meet the needs of our students and expectations of student housing.”

Read the full article: https://news.olemiss.edu/um-to-contract-with-quarters-oxford-apartments-for-student-housing/

2023-03-01T11:26:52-06:00February 27th, 2023|

Tailwind Group Acquires Property in College Station, TX

Tailwind Group and its partners are pleased to announce the acquisition of Campus Crossings on Marion Pugh, a 628-bedroom student housing property located just minutes from Texas A&M University. The sale officially closed on October 27th and represents Tailwind Group’s fifth major real estate acquisition in the student housing sector in 2022. Prior acquisitions in 2022 included properties near Southern Illinois University, Iowa State University, University of Nebraska-Lincoln, and the University of Missouri. Campus Crossings was purchased from Campus Apartments and the deal was brokered by Brandon Buell and his team at Berkadia.

The Landing at College Station | Previously Campus Crossings | College Station, TX

Campus Crossings contains 30 residential buildings with a mix of one- and two-bedroom units, paired with a first-class amenity package. Tailwind Group has significant capital improvement plans for the asset soon after acquisition along with a major rebrand of the property name and image.

The Landing at College Station | Previously Campus Crossings | College Station, TX

“Texas A&M is a market that every student housing owner and operator hopes to be in. With nearly 70,000 students and growing, it’s truly one of the premiere college markets in the country,” said Brandon Smith, Tailwind Group’s Vice President of Operations & Development. “We could not be more excited to add Campus Crossings to our student housing portfolio and believe it will be an exceptional asset for us moving forward. Our planned capital improvements and site enhancement provide significant upside potential from both a resident experience and investment standpoint.”

Tailwind Group is a top-20 owner and operator of off-campus student housing in the country. They own and manage over 25 properties located near 15 different colleges or universities. These 25 properties make up over 12,500 bedrooms.

Any inquiries regarding the acquisitions or Tailwind Group should be directed to Brandon Smith, Vice President of Operations & Development.

2022-10-31T09:55:03-05:00October 31st, 2022|

Tailwind Group Acquires Properties in Ames, IA and Lincoln, NE

Tailwind Group and its partners are pleased to announce two recent student housing acquisitions: South Duff Apartments in Ames, IA and The View in Lincoln, NE. Both assets successfully closed on May 26th and represent the second and third student housing acquisitions for Tailwind Group in 2022. Both properties were purchased from RCLCO and the deals were brokered by Randall Calvert of TSB Realty.

South Duff Apartments

South Duff Apartments is a 490-bedroom, garden-style community located adjacent to Iowa State University. It will join The Quarters Ames as the second property owned and managed by Tailwind Group in the Iowa State market.

The View is a 590-bedroom, garden-style community located near the University of Nebraska-Lincoln. It will join LivRed as the second property owned and managed by Tailwind Group in the Nebraska market.

The View Lincoln

“Both assets fit very well in our value-add portfolio. They have stable occupancies, are in markets we believe in, and have excellent on-site management teams. We believe that injecting our management and leasing strategies along with completing needed capital improvements over the next 3-5 years, these two properties will provide stable returns and valuations will increase,” said Brandon Smith, Vice President of Operations & Development for Tailwind Group.

Tailwind Group is a top-20 owner and operator of off-campus student housing in the country. They own and manage over 12,500 bedrooms in 13 different states and employ over 200 team members.

Any inquiries regarding the acquisitions or Tailwind Group should be directed to Brandon Smith, Vice President of Operations & Development.

2022-06-02T09:47:46-05:00June 2nd, 2022|

Tailwind Group Closes 2021 With Two Acquisitions

Tailwind Group and its partners are pleased to announce two recent student housing acquisitions: The Quarters at Oxford (formerly Campus Creek) in Oxford, MS and 109 Tower in Miami, FL. Both assets have successfully closed in the past 30 days and represent the 5th and 6th student housing acquisitions of 2021 for Tailwind Group. Both properties were purchased from Greystar and the deals were brokered by Ryan Lang and team of Newmark.

The Quarters at Oxford is a 636-bedroom, garden style community located adjacent to Ole Miss University. A $10M renovation on the apartments and amenities has already commenced and is projected to be complete by August of 2022.

109 Tower is a 16-story apartment building located just steps from Florida International University. Major capital improvements to amenities and common areas will begin in the spring of 2022.

109 Tower

“We are excited to add two additional properties to our student housing portfolio to close out the year. I can’t say enough about how hard our team has worked throughout the year to have, by far, the most active year in company history from an acquisition and disposition standpoint,” said Michael Sather, one of Tailwind Group’s founding partners. “We are extremely proud of what the team has been able to accomplish in 2021 and look forward to another great year in 2022.”

Tailwind Group is a top-20 owner and operator of off-campus student housing in the country. They own and manage over 12,500 bedrooms in 13 different states and employ over 200 team members.

Any inquiries regarding the acquisitions or Tailwind Group should be directed to Brandon Smith, Vice President of Operations & Development.

2022-01-03T10:36:50-06:00January 3rd, 2022|

Tailwind Group Surpasses Milestone with Latest Real Estate Acquisition

Tailwind Group and its partners are excited to announce the successful acquisitions of two student housing properties. The new additions to the portfolio total 1,324 bedrooms, pushing Tailwind Group’s owned and managed portfolio of student housing bedrooms to just over 11,500. They are now one of the twenty largest owners and managers of student housing real estate in the United States. Since 2016, the organization has nearly quadrupled its rental revenue, bedroom count, and number of employees. Tailwind Group owns 26 properties in 12 different states, employing nearly 200 people.

The Reserve on Perkins

“It’s been amazing to see the growth over the past few years. All credit goes to our hard-working employees. That is the most rewarding part of all of this – watching them all succeed and grow with the company”, said Kyle Smith, one of the founders of Tailwind Group.

Quarters Tallahassee outdoor pool

The two recent property purchases marked the 3rd and 4th acquisitions of 2021 for Tailwind Group. The Reserve on Perkins (Stillwater, OK) is a 732-bedroom garden style complex that serves Oklahoma State University and the surrounding community. The Players Club (Tallahassee, FL) is a 592-bedroom complex that is just minutes from Florida State University. The Players Club was rebranded to The Quarters at Tallahassee upon acquisition.

Any inquiries regarding the acquisitions or Tailwind Group should be directed to Brandon Smith, Vice President of Operations & Development.

Tailwind Growth
2021-10-15T13:15:25-05:00September 16th, 2021|
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