Tampa student housing community owner obtains nearly $100M loan

The owners of a recently completed student housing community near the University of Tampa have taken out a $97.45 million loan on the property.

The community, Apella on Newport, is at 311 N. Newport Ave. just off of N. Willow Avenue and W. Kennedy Boulevard. It backs up to Naimoli Family Stadium, the on-campus ballpark.

The 576-bed complex has two-, three-, four- and six-bedroom furnished units spread out across 150 apartments with a total of 195,076 square feet of rentable space. Amenities include a rooftop pool, a fitness center, study lounges and a secured garage parking.