TSB Realty Closes Sale of 221-Bed Student Housing Near Oregon State

TSB Realty Closes Sale of 221-Bed Student Housing Near Oregon State
News| August 12, 2025| Jasmine Kilman
Seattle & Northwest + Student Housing

TSB Realty has completed the sale of The Union Corvallis, a 68-unit, 221-bed luxury student housing property located near the Oregon State University campus in Corvallis, Oregon.

Cardinal Group Companies (CGC) purchased the property. “The Union has an exceptional reputation in the market and a strong operational history, including more than 16% rent growth from 2023-2024 to the last academic year,” said Randall Calvert with TSB Realty.

Delivered in 2013, The Union offers a mix of one-, two-, and four-bedroom units, all of which went through a recent renovation cycle. “We’re excited to recapitalize The Union Corvallis and execute a new business plan to further boost the property’s offerings,” said Madison Meier, SVP, Head of Capital Markets with Cardinal Group Investments.

CGC is a real estate management, investment, construction, consulting, and marketing firm focused on multifamily and student housing. TSB Realty is a national investment sales firm specializing in the valuation and disposition of student housing communities and conventional multifamily communities.

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