PAOLI, PA — TSB Realty, LLC successfully completed the sale of HELiX Starkville, a 258-unit, 802-bed luxury student housing property located directly next to the Mississippi State University campus in Starkville, Mississippi. Pumphouse Residential Group (PRG) and WeldenField, along with a joint venture partner, purchased the property from Columbus Pacific. SPM, an affiliate of PRG and WeldenField, will provide comprehensive property and construction management services for HELiX Starkville, enhancing its growing portfolio of premium student housing communities.
“You simply can’t beat the location of HELiX—it’s within walking distance of all of MSU’s main academic buildings and the football stadium, literally across the street from campus,” said Randall Calvert with TSB Realty. “Columbus Pacific developed this property, and it proved to be the perfect opportunity for a buyer like Pumphouse Residential Group to enter a highly desirable Power 4 market.”
Delivered in 2016 and situated on the southeast edge of the Mississippi State University campus, HELiX Starkville offers a mix of one-, two- and four-bedroom floor plans. Fully furnished units feature modern, spacious kitchens with premium appliances, wood-style plank flooring, digital climate control, in-unit washer and dryer, high ceilings and individually locking bedrooms. Community amenities include a two-story, state of the art fitness center, as well as a resort-style pool and clubhouse with billiards, study enclaves and community televisions. The property also boasts a tanning salon, Starbucks coffee lounge, outdoor grilling area and a gaming lounge.
HELiX Starkville is currently 95% occupied.
“We are thrilled to bring the solid fundamentals of student housing investments to WeldenField and our partner investors,” said Anthony Alsup, of Pumphouse Residential Group. “This acquisition represents a strategic opportunity to secure a high-potential asset in a prime location within a Power 4 conference, at a university that has demonstrated recent, consistent enrollment growth—providing a clear path to value creation through the execution of targeted renovations and operational improvements.”
Headquartered in Birmingham, Alabama, Pumphouse Residential Group (PRG) is a part of the WeldenField Family of Companies. Specializing in the acquisition and repositioning of student housing assets, PRG targets fundamentally strong markets across the United States. With over 30 years of combined experience in student housing, the PRG leadership team applies a highly strategic, execution-driven approach to this operationally intensive asset class, consistently delivering value through targeted renovations and operational enhancements.
Based in Birmingham, Alabama, WeldenField is a family-owned business specializing in property management, multi-family acquisition, residential development construction, and hotel development management. The company has a diverse range of development projects, including affordable and upscale multifamily housing. Their operations extend nationwide, catering to clients and residents through diligent planning and execution.
Founded in 1977, SPM is a leader in integrated multifamily management with operations spanning 13 states and over 200 communities. The company goes beyond traditional property management through its data-driven, resident-centric approach to deliver tailored solutions across conventional, affordable, tax credit, and student housing sectors. SPM’s specialized expertise and technology-forward operations enable it to challenge industry norms and generate superior results for partners and residents alike.
Columbus Pacific (CP) is a boutique real estate investment, development and management company with a strong track record of investment returns since its inception in 1995. CP’s financial backing comes from its principals, individual investors, wealth management professionals, and semi-institutional investors. Its principals have over 60 years of combined real estate experience and transactions in excess of $1 billion.
TSB Realty is a full-service, national investment sales firm specializing in the valuation and disposition of student housing communities and conventional multifamily communities. Since inception in 2014, the Paoli, Pennsylvania-based firm has closed over $10 billion in student housing sales for a diverse client base, encompassing more than 100,000 beds from tier 1 markets to tertiary markets.
