TSB Realty

What TSB Realty does

TSB Realty, LLC is a privately held, full-service national investment sales firm specializing in the valuation and disposition of purpose-built student housing and conventional multifamily communities in the United States. Founded in 2014 and headquartered in Paoli, Pennsylvania, the firm operates from three offices (Paoli; Phoenix, Arizona; Dallas, Texas) with a lean team of four named Principals - Timothy S. Bradley, Austin L. Repetto, Shawn D. Sweeney, and Randall L. Calvert - supported by a total headcount of 1-10. Since inception the firm reports closing in excess of $11 billion in student housing transactions encompassing more than 90,000 to 120,000 beds across tier 1 through tertiary markets, serving both large institutional investors (Greystar, Carlyle, Heitman, Kayne Anderson, J.P. Morgan Real Estate Banking) and single-asset owners through fully marketed national processes as well as off-market transactions directly approaching known core buyers. The firm is formally affiliated with TSB Capital Advisors, a separate entity that arranges debt and provides financing advisory, enabling an integrated brokerage-plus-capital-advisory service offering.

The firm generates revenue through brokerage commissions on closed transactions (transaction-fee model); pricing is not publicly disclosed and there is no productized SaaS, API, or technology offering. There are no disclosed patents, certifications, regulatory actions, funding rounds, or external investors, and the firm operates as an independent LLC without a parent company. Its go-to-market is sales-led and relationship-driven, relying on direct outreach to known institutional buyers, a professional website listing available properties and prior transactions, and a LinkedIn corporate presence. The competitive positioning rests on a long track record with a curated institutional buyer network and a specialty focus on student housing rather than on proprietary technology or data assets.

Name

TSB Realty

Legal name

TSB Realty, LLC

Website

https://tsbrealty.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

TSB Realty is a privately held, national investment sales brokerage specializing in the valuation and disposition of student housing and multifamily properties for institutional investors and single-asset owners across the US, with over $11 billion in closed transactions since 2014.

Ownership category

akta.pro rank

Headquarters

HQ city

Paoli

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. Investment Sales Brokerage: TSB Realty generates revenue through brokerage commissions on the valuation and disposition of student housing communities and conventional multifamily properties. The firm serves both large institutional clients and single-asset owners with custom-tailored solutions for property sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

TSB Realty is a full-service, national investment sales firm that provides Broker Opinion of Value services and arranges the sale (disposition) of student housing communities and conventional multifamily properties. The firm customizes each engagement, offering both full-scale national marketing efforts and selective or off-market processes, and coordinates with affiliated TSB Capital Advisors for debt arrangement and financing consultation.

Product overview

TSB Realty is a full-service, national investment sales firm specializing in the valuation and disposition of student housing and traditional multifamily communities. The firm provides broker opinions of value, full-scale national marketing efforts, and selective sales processes for clients ranging from large institutions to single-asset owners. The company works in conjunction with its affiliate company TSB Capital Advisors for debt arrangement and financing services. Since inception in 2014, the firm has closed over $11 billion in student housing sales encompassing more than 120,000 beds across tier 1 to tertiary markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Broker Opinion of Value Professional valuation service provided to property owners considering the sale of student housing or conventional multifamily communities, supporting pricing and disposition strategy decisions.
• Full-Scale National Marketing Disposition Comprehensive marketed sale process for student housing and multifamily properties, leveraging broad national reach and TSB Realty's database of institutional and private buyers to maximize exposure and competitive bidding.
• Off-Market Selective Disposition Selective or off-market sale process in which TSB Realty directly approaches known core buyers of student housing to execute transactions discreetly without a broad public marketing campaign.
• Debt Arrangement and Financing Consultation (via TSB Capital Advisors) Financing consultation and debt arrangement for acquisitions, delivered through affiliated TSB Capital Advisors alongside TSB Realty's sales services to provide a streamlined disposition and capital-stack solution.

Quantifiable outcome

• Over $11 billion in student housing sales closed since inception
• +2 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles2 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 major and core.

• Coastal Ridge Real EstatemajorStrategic or Co-development Partner · 19 May 2026Vertically integrated real estate investment firm exclusively focused on student housing and multifamily across the United States. Founded in 2013, headquartered in Columbus, Ohio with offices in California and Florida. Portfolio consists of over 45,000 units and student housing beds under management with over $6.0 billion of managed assets. Multiple acquisitions through TSB Realty.
• TSB Capital AdvisorscoreStrategic or Co-development Partner · 30 March 2026Affiliated company specializing in student housing and multifamily real estate advisory services. TSB Capital Advisors arranges debt for acquisitions and provides financing consultation alongside TSB Realty's sales services. Headquarters in Phoenix, Arizona with additional offices in Paoli, Pennsylvania and Dallas, Texas.
• College Town CommunitiesmajorStrategic or Co-development Partner · 23 March 2026Specializes in offering highest-quality accommodations for student housing. Based in Malvern, Pennsylvania, operates at 10 universities in seven different states totaling 13 housing communities and more than 5,000 student residents. Purchased U Club Townhomes at Oxford.
• Inland Real Estate AcquisitionsmajorStrategic or Co-development Partner · 22 December 2025Part of The Inland Real Estate Group of Companies. Has facilitated more than $56 billion of purchases across all asset types. Purchased three-property student housing portfolio with The Scion Group totaling more than 1,800 beds.
• LV CollectivemajorStrategic or Co-development Partner · 1 January 2025National multifamily and student-oriented real estate owner and operator. Purchased The Heights at College Station with Kayne Anderson Real Estate.
• Cardinal Group CompaniesmajorStrategic or Co-development Partner · 1 January 2025Purchased The Union Corvallis near Oregon State University through TSB Realty.
• GreystarmajorStrategic or Co-development Partner · 24 August 2018Leading fully integrated rental housing company offering expertise in investment management, development, and property management. Headquartered in Charleston, SC with global offices. Manages over 435,000 units with aggregate value of approximately $80 billion. Joint venture with Carlyle Group purchased The Domain at Town Centre.
• Alden Street CapitalmajorStrategic or Co-development PartnerBoutique New York-based student accommodation investment and asset management company founded in 2015. Has invested in more than 14,000 student housing beds across 26 properties representing approximately $1.5 billion in value. Purchased SoCam 290 from TSB Realty.
• The Scion GroupmajorStrategic or Co-development PartnerStudent housing portfolio company partnering with Inland Real Estate Acquisitions on acquisition of 1,800+ bed portfolio including properties at Purdue University, Baylor University, and University of Virginia.
• Landmark PropertiesmajorStrategic or Co-development PartnerFully-integrated real estate firm specializing in development, construction, acquisition, investment management, and operation of high-quality residential communities. Acquired West 27th Place near USC with Stockbridge.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Walker & Dunlop: Leading provider of capital markets and investment sales services to the multifamily sector and an existing financial partner to TSB. Directly comparable as a multifamily/student housing capital markets intermediary, though with a heavier focus on debt origination.
• Marcus & Millichap: Largest U.S. commercial real estate investment sales brokerage with a dedicated national student housing specialty group. Directly comparable as an investment sales broker focused on multifamily and student housing dispositions to institutional and private investors.
• Berkadia: Joint venture between Berkshire Hathaway and Jefferies providing capital markets, investment sales, and mortgage banking for multifamily and student housing. Closely comparable to TSB Realty as a specialist in student housing and multifamily investment sales with integrated debt advisory.
• Eastdil Secured: Specialist CRE investment banking and capital markets advisor to institutional owners and investors. Comparable as a high-touch investment sales broker for institutional real estate, including multifamily and student housing, though typically on larger marquee transactions.

Broad incumbents

• CBRE Group: Global commercial real estate services firm with a dedicated U.S. capital markets / multifamily investment sales practice that handles large institutional student housing portfolios. A broader incumbent with overlapping services but far wider portfolio and global footprint.
• Newmark Group: Full-service CRE services firm with a dedicated multifamily and student housing investment sales platform. Overlaps with TSB's core student housing and multifamily disposition services while operating globally across many product types.
• Colliers: Global CRE services firm with a U.S. investment sales / capital markets practice that includes multifamily and student housing. Comparable as an investment sales intermediary but operates as a broad incumbent across all major property types.
• Cushman & Wakefield: Global commercial real estate services firm with a multifamily capital markets practice handling student housing investment sales. Comparable service line to TSB but within a much larger diversified platform serving institutional clients.
• JLL (Jones Lang LaSalle): Global CRE services firm with a multifamily and student housing investment sales capital markets practice following its HFF acquisition. Comparable in service line (multifamily/student housing capital markets) but much broader in scale and geographic reach.
• Erin Beberniss / Savills (Student Housing team): Global real estate services firm with a U.S. student housing and multifamily investment sales practice. Comparable to TSB as an investment sales broker for student housing, though operating within a broader global CRE services platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/tsb-realty-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Realty