Apollo Residences; Tempe, AZ; Gilbane Development; Darris Lee Harris Job#1570

University Partners Acquires 943-Bed Community Near Arizona State University

by Katie Sloan

Tempe, Ariz. — University Partners has acquired Apollo Tempe, a 943-bed student housing community located near the Arizona State University campus in Tempe.

Gilbane Development Co. delivered the community in 2020, which offers a mix of one-, two-, three- and four-bedroom units with bed-to-bath parity. The property — which took home this year’s Innovator Award for Off Campus: Best Package and Offering of Amenities — features a rooftop oasis, ground-level outdoor swimming pools, state-of-the-art fitness centers, an outdoor lounge, two clubrooms, a basketball court, academic success centers and study lounges.

Tim Bradley and Shawn Sweeney of TSB Capital Advisors arranged acquisition financing on behalf of University Partners.

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