University of Tampa adjacent student housing listed for sale

A student housing community near the University of Tampa is up for sale, and Colliers has been hired to represent the owner.

The community is the eight story, 150-unit, 576-bed Apella on Newport. The property at 311 N. Newport Ave. sits on 1.78 acres less than a half-mile from the campus and has two-, three-, four- and six-bedroom floor plans averaging 1,301 square feet. The property also has 303 parking spaces.

The firm did not disclose an asking price.

It is currently owned by Rochester, New York-based Commercial Street Partners. Hillsborough County property records show it bought the then vacant land in 2022 for $11.5 million. The developer refinanced the community, which was completed in 2024, for $97.45 million last year.

Collier says Apella on Newport was 96.56% occupied for the 2025-2026 school year and is 91.5% leased for the 2026-2027 school year with an average rent of $1,680 per month.

The University of Tampa is just off Kennedy Boulevard across the Hillsborough River from the city’s downtown.

Colliers’ Sean Baird, Jonathan Holt and Cole Cusmano are representing the New York seller.