TSB Capital Advisors

Name

TSB Capital Advisors

Legal name

TSB Capital Advisors

Website

https://tsbca.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Financial Advisory

NAICS

Portfolio Management and Investment Advice (523940), Credit Intermediation and Related Activities (522)

SIC

Investment Advice (6282), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE), Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Real estate finance advisory
• Student housing financing
• Debt placement
• Multifamily financing
• Joint venture consultation

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Advisory and Consulting Fees: TSB Capital Advisors acts as a consultant providing real estate finance and full-service consulting. The firm advises clients on every step of the loan process, including debt placement, partnership consultation, and student housing ambassador services for domestic and foreign capital groups entering the student housing space.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

TSB Capital Advisors is a real estate finance advisory and consulting firm specializing in the student housing, build-to-rent, and conventional multifamily sectors. It sources debt throughout the capital stack, structures joint-venture equity partnerships, and advises owners, operators, and investors on every step of the loan process for acquisitions, developments, and refinances.

Product overview

TSB Capital Advisors is a real estate finance advisory firm that operates as a single integrated service offering rather than a platform with modular products. The company provides three interconnected advisory services: Debt Placement (sourcing debt throughout the capital stack for all transaction types), Partnership Consultation (structuring joint venture equity partnerships), and Student Housing Ambassador (guiding international and domestic investors into the student housing sector). The firm acts as a consultant, not just a broker, advising clients on every step of the loan process from origination through closing. Founded in 2009, the firm specializes in student housing and multifamily sectors, helping close over 550 deals totaling more than $80 billion in transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Debt Placement Sources debt throughout the capital stack for all types of commercial real estate transactions. Loan types include fixed-rate permanent loans, construction loans, forward rate locks, taxable/tax-exempt bond financing, short- and long-term bridge loans, acquisition/rehab loans and mezzanine loans, leveraging relationships with diverse funding sources including Fannie Mae, Freddie Mac, pension funds, life insurance companies, investment banks, commercial banks and private funds.
• Partnership Consultation Consults on joint venture partnerships for commercial real estate projects nationwide, structuring equity investments for construction projects, acquisitions and recapitalizations. Capital sources include private equity funds, insurance companies, REITs, investment banks, foundations, financial advisors, pension funds and endowment funds.
• Student Housing Ambassador Serves as an ambassador for domestic and foreign capital groups entering or expanding in the student housing sector, leveraging deep market knowledge and expertise to help investors navigate new opportunities in student housing markets.

Quantifiable outcome

• Over 550 deals and $80+ billion in student housing and multifamily transactions since 2009
• +2 more outcomes

Named customers23 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered key.

• Landmark PropertieskeyStrategic or Co-development Partner · 17 April 2026Acquired Eclipse on Broad near University of Georgia with Kane Properties. TSB Capital Advisors arranged debt financing with Seacoast Bank as lender.
• Kane PropertieskeyStrategic or Co-development Partner · 17 April 2026Partnered with Landmark Properties on acquisition of Eclipse on Broad near University of Georgia.
• Article Student LivingkeyStrategic or Co-development Partner · 7 April 2026Vertically integrated investment, development, and operations firm focused on student housing. TSB Capital Advisors arranged floating-rate loan to refinance Identity Dinkytown.
• Inland Real Estate AcquisitionskeyStrategic or Co-development Partner · 22 December 2025Purchased three-property student housing portfolio with Scion Group serving Purdue, Baylor, and UVA. TSB Capital Advisors consulted for buyers, TSB Realty represented sellers.
• Core SpaceskeyStrategic or Co-development Partner · 25 September 2025Vertically integrated real estate developer, operator, and investment manager. Joint venture partner with Harrison Street on Hub Tampa Fowler development.
• The Scion GroupkeyStrategic or Co-development Partner · 18 June 2025Largest owner/operator of off-campus student housing globally with over 94,000 beds. Joint venture with Morgan Stanley for $262 million Ole Miss portfolio acquisition.
• Landmark PropertieskeyStrategic or Co-development Partner · 1 May 2025Fully-integrated real estate firm acquired Icon Plaza and West 27th Place near USC in partnership with Stockbridge. TSB Capital Advisors arranged financing while TSB Realty brokered the sale.
• Landmark PropertieskeyStrategic or Co-development Partner · 3 April 2025Coordinating financing for The Standard at West Lafayette, 678-bed student housing development near Purdue University, fourth project in build-to-core joint venture with Manulife.
• Landmark PropertieskeyStrategic or Co-development Partner · 14 March 2025Coordinating financing for The Mark Mansfield, 738-bed student housing development near University of Connecticut. Site acquired in partnership with Peninsula Investments.
• Capstone Collegiate CommunitieskeyStrategic or Co-development Partner · 18 February 2025Developer for new 165-unit, 532-bed luxury student housing property adjacent to University of Arizona in Tucson. Fortune 100 insurance company provided equity financing.

Scale indicators3 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Northmarq: Northmarq is a privately held commercial real estate capital markets advisor with strong multifamily debt and equity placement capabilities. Like TSB, it operates as a relationship-driven advisor across the CRE debt stack, making it a direct competitor for institutional debt placement mandates.
• Walker & Dunlop: Walker & Dunlop is one of the largest U.S. providers of commercial real estate capital markets services with a leading multifamily and student housing debt placement practice. TSB has directly worked with Walker & Dunlop on multiple transactions (e.g., OnShore refinancing, Inland/Scion portfolio), making them both a partner and a direct competitor for the same advisory mandates.
• Berkadia: Berkadia is a major commercial real estate finance and investment sales platform with deep multifamily and student housing origination. Multiple TSB team members were recruited from Berkadia, and the firms compete head-to-head for agency and private debt placement mandates in the same sub-sectors.

Broad incumbents

• Cushman & Wakefield: Cushman & Wakefield is a leading global commercial real estate services firm with a dedicated Debt & Structured Finance practice that competes for institutional multifamily and student housing debt placement mandates alongside TSB.
• Eastdil Secured: Eastdil Secured is a premier real estate investment banking firm focused on large, complex commercial real estate transactions. While Eastdil primarily serves larger investment sales and recapitalization mandates, it overlaps with TSB on the equity/JV advisory side for institutional student housing and multifamily clients.
• CBRE Capital Markets: CBRE is the world's largest commercial real estate services firm with a comprehensive debt and equity placement business. While TSB operates in a narrower student housing and multifamily niche, CBRE's Investment Properties and Debt & Structured Finance groups overlap on larger mandates in those same sub-sectors.
• HFF (now part of JLL): Holliday Fenoglio Fowler (HFF) was historically a top CRE capital markets advisor before its acquisition by JLL. Its legacy platform remains a reference point for TSB's business model of relationship-driven debt and equity placement in multifamily and student housing.
• Newmark Group: Newmark is a major commercial real estate services firm with capital markets, investment sales, and debt placement capabilities. Newmark's multifamily finance practice competes with TSB for the same sponsor clients seeking debt and JV equity solutions.
• JLL (Capital Markets): JLL is one of the largest global commercial real estate services firms with a full-service capital markets platform covering investment sales, debt placement, and equity advisory. JLL's Capital Markets group competes with TSB on larger institutional mandates, especially in multifamily and student housing.

Emerging players

• Arbor Realty Trust: Arbor Realty Trust is a specialty CRE finance company with a multifamily and SFR agency lending business. While Arbor also operates a direct lending/balance sheet model, its agency and bridge loan origination overlaps with the lender relationships and execution work TSB coordinates for its developer clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tsb-capital-advisors

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TSB Capital Advisors