MIAMI (March 5, 2026) – Holland & Knight advised on the $241.2 million tax‑exempt bond issuance and represented WFHP LLC in the $22.5 million sale of a 1.33‑acre development site near Florida International University's (FIU) main campus, advancing a major new student housing project. The property, located at 10742 S.W. Fifth Street in Sweetwater, Florida, was sold to PRG Casa Properties LLC, an affiliate of Baton Rouge, Louisiana-based student housing developer Provident Resources Group. This deal was announced on February 19.
As part of the transaction, Provident Resources Group, through PRG Casa Properties LLC, secured a $241.2 million tax‑exempt student housing bond issued through the Miami‑Dade County Industrial Development Authority, with Wilmington Trust serving as trustee. The financing structure also includes a $10 million subordinate mortgage provided by the City of Sweetwater. J.P. Morgan and KeyBanc Capital Markets served as underwriters.
WFHP, managed by Jason Talbot, acquired the site in 2022 and successfully obtained approvals for the student housing development prior to the sale. In conjunction with the financing, Provident Resources Group executed a student housing agreement with the Florida International University Board of Trustees, committing the project to house FIU students and faculty.
Holland & Knight also represented WFHP on all city and county land use and zoning approvals required for the development of this project. The planned 20‑story development will include 205 units with 820 beds, contributing to the growing pipeline of student housing in the FIU area.
Holland & Knight Partners Vivian de las Cuevas‑Diaz, Alejandro Arias and Jorge Escobar led the Firm's representation of WFHP.