Farrah Falcone, Author at Tailwind Group

Iowa City Entryway Project Gets a New Look

Land that held ramshackle mobile homes is under contract

NOVEMBER 19, 2023 BY TOM BARTON

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/

Farrah Falcone2024-05-03T16:11:46-05:00November 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.

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

Farrah Falcone2024-05-03T16:12:58-05:00May 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.

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

Farrah Falcone2024-05-03T16:13:10-05:00April 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 CLARA TURNAGE

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/

Farrah Falcone2024-05-03T16:13:20-05:00February 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.

“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.

Farrah Falcone2024-05-03T16:13:30-05:00October 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 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.

“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.

Farrah Falcone2024-05-03T16:13:38-05:00June 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.

“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.

Farrah Falcone2024-05-03T16:13:48-05:00January 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.

“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.

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.

Farrah Falcone2024-05-03T16:13:58-05:00September 16th, 2021|

Tailwind Group Acquires 1,018 Bedroom Student Housing Property in Oxford, MS

Tailwind Group and its investment partners are excited to announce the acquisition of The Retreat at Oxford, a 1,018-bedroom cottage community located minutes from University of Mississippi in Oxford, MS. This marks Tailwind Group’s second student housing acquisition of 2021. Upon acquisition, the property was rebranded to College Town at Oxford and will undergo a multi-million-dollar clubhouse and amenity renovation. The renovations are expected to be complete by September of 2021.

“We are excited about the opportunity in Oxford”, said Lane Gravley, President of Tailwind Group. “This is a premier property that serves the University of Mississippi. At over 1,000 beds, it becomes our largest acquisition by bed-count to date. The cottage-style community adds to our College Town brand as it mirrors our property at Minnesota State in Mankato, MN. It is a very popular destination for the Ole Miss student base and we are confident it will be a performance leader in our portfolio.”

The property was purchased from Greystar and the deal was brokered by Ryan Lang of Newmark.

Inquiries about the acquisition should be directed to Brandon Smith at bsmith@thetailwindgroup.com.

Farrah Falcone2024-05-03T16:14:07-05:00April 15th, 2021|

Tailwind Group Acquires Student Housing Property in Columbia, MO

Tailwind Group and its partners are excited to announce their first student housing acquisition of 2021. On February 17th, the team closed on The Reserve at Columbia, a 676-bedroom community that caters to University of Missouri students and young professionals alike. Upon acquisition, the property was rebranded to The Quarters at Columbia and is undergoing extensive renovations. This multi-million dollar renovation will be completed by RC Contractors and will provide the units with new appliances, quartz countertops, cabinets, vinyl plank flooring, paint, and fixtures. Renovations are expected to be completed by September.

“There was a lot we liked about the opportunity in Columbia”, said Brandon Smith, Tailwind Group’s VP of Operations and Development. “Geographically, it fits in with the portfolio we have been building over the past few years. We have also had past success with value-add opportunities in which we are renovating units in the middle of a lease term. Lastly, we are a big believer in Mizzou’s continued enrollment recovery after the large decline between 2016 and 2018.”

The property was purchased from Greystar and the deal was represented by Ryan Lang of Newmark.

Inquiries about the acquisition should be directed to Brandon Smith at bsmith@thetailwindgroup.com.

Farrah Falcone2024-05-03T16:14:15-05:00March 2nd, 2021|

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