Campus Lodge

Campus Lodge

0 Units
0 Beds
Year Built: 0

University of South Florida

Tampa, Florida

Campus Lodge

TSB Realty was engaged by ownership (Coastal Ridge Real Estate and Heitman) to sell Campus Lodge in Lutz, Florida, via a fully marketed process. TSB Realty secured multiple offers for the property from national student housing buyers and regional conventional multifamily buyers. The property was successfully sold in 2022 to an undisclosed buyer that planned to convert the property to conventional multifamily.

Property Summary

Property Summary

• Luxury student housing community
• 312 Units | 1,067 Beds
• Year Built: 2001
• Deal Closed: 2022

Property Description

Property Description

Campus Lodge is an upscale, modern student housing community with a proven significant value-add potential, located approximately 1.4 miles north of the University of South Florida’s main campus.

The property offers two-, three- and four-bedroom living spaces in three tiers of finishes – Standard, Premium, and Platinum. After acquiring the property in 2019, current ownership implemented a renovation program to upgrade approximately 40% of the beds to the Platinum finishes; featuring quartz countertops, upgraded lighting fixtures, brushed nickel finishes, modern appliance packages, and an upgraded furniture package. All units have been upgraded with LVT wood-style plank flooring. A new owner has the ability to renovate the remaining 60% of the beds to the Platinum level finishes, which rent at a premium to the other unrenovated floor plans.

Campus Lodge features the ideal mix of luxurious amenities in the USF student housing market. The property features a resort-style pool, lodge-style clubhouse, 24-hour fitness center, 24-hour computer lounge, basketball court, free tanning, free parking, courtesy patrol officers, monthly resident events, and more

Property Amenities

Property Amenities

• Resort-style pool with lodge-style clubhouse
• Gated student housing community
• Largest units in the market with 2 BDRs over 1,000 SF and 4 BDRs at approximately 1,700 SF
• Screened in porches on each unit

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