Tailwind Group Buys 656-Bed Missouri Student Property
JLL Capital Markets represented the seller of the 1989-built community.
Tailwind Group has acquired The Wylder, a 656-bed student housing community in Columbia, Mo., near the University of Missouri. The company secured a $35.3 million acquisition loan for the property, funded by American National Bank, Boone County records show. JLL Capital Markets represented the seller, Trimont Real Estate Advisors, in the transaction. The asset last changed ownership in January this year, when Fannie Mae sold the asset due to foreclosure, according to Yardi Matrix data.
Completed in 1989 and renovated in 2000, the property spans 19.4 acres and comprises 10 buildings and 172 units with two- and four-bedroom floorplans, varying from 776 to 1,214 square feet. All units include fully equipped kitchens, laundry facilities, double vanities, closets and balconies. Community amenities include a bonfire area, fitness center, swimming pool, study and computer room, as well as basketball, volleyball and tennis courts.
Located at 301 Campusview Drive, the community is within 1.5 miles of the University of Missouri campus and Stankowski Field. Numerous retail options, including ALDI, Walmart Supercenter and Hy-Vee grocery store, are within walking distance of the property. Entertainment hubs and dining areas within Columbia city center are less than 3 miles from The Wylder.
Senior Directors Teddy Leatherman, Stewart Hayes and Scott Clifton, alongside Executive Vice President Henry Voges of JLL, worked on the sale.
Tailwind Group manages more than 25 student housing properties across 12 states. In June, the company acquired two communities, totaling 1,080 beds in Ames, Iowa, and Lincoln, Neb., from RCLCO.