CASA AT FIU

SUMMARY

CASA at FIU is an 820 bed student housing project in Sweetwater, Florida, serving students of Florida International University. It was financed with approximately $241.2 million in tax exempt bonds issued through the Miami-Dade County Industrial Development Authority. The transaction closed on February 12, 2026. WFHP LLC, led by Managing Partner Jason Talbot, originated and entitled the site and served as developer through WFHP RAL SW JV LLC, a joint venture of WFHP and RAL Companies.

 

TRANSACTION FACTS

Issuer: Miami-Dade County Industrial Development Authority
Total bond financing: approximately $241.2 million
Closing: February 12, 2026
Underwriters: J.P. Morgan and KeyBanc Capital Markets
Trustee: Wilmington Trust, National Association
Borrower: PRG Casa Properties LLC, an affiliate of Provident Resources Group, a 501(c)(3) organization
Developer: WFHP RAL SW JV LLC
Bond counsel: Greenberg Traurig
Developer's counsel: Holland & Knight
Municipal support: $10 million subordinate loan from the City of Sweetwater
Program: 820 beds of student housing

 

HOW THE TRANSACTION WAS STRUCTURED

The bonds were issued by the Miami-Dade County Industrial Development Authority acting as conduit issuer after TEFRA approval. The borrower is an independent 501(c)(3) organization, which is what qualifies the project for tax exempt financing. WFHP controlled and entitled the site, brought it to a permit ready milestone supported by an independent appraisal, and coordinated the closing among issuer, borrower, underwriters, trustee, and counsel. Ascent Construction is the general contractor.

 

JASON TALBOT'S ROLE

As Managing Partner of WFHP LLC, Jason Talbot led site origination, control, and entitlement and the coordination of the public finance closing. CASA at FIU is the reference transaction for the WFHP platform and the template for its pipeline in senior care, student housing, and healthcare.

 

COVERAGE

Holland & Knight, March 5, 2026: Holland & Knight Advises on $241.2 Million Tax-Exempt Bond Issuance and $22.5 Million Site Acquisition for Student Housing Near FIU

WFHP LLC transaction page: wfhp.co

 

The information on this page is provided for general informational purposes only and does not constitute an offer to sell or a solicitation to buy any security or investment product.