The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 17, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Palladius Capital Management Acquires 694-Bed Student Housing Property in Texas

6/11/24

Palladius Capital Management has purchased The Luxx, a 220-unit, 694-bed student housing community in San Antonio, TX. The property is located at 6023 UTSA Blvd, within walking distance of The University of Texas at San Antonio (USTA). The price was not disclosed.

Situated a quarter of a mile from campus, the 15-acre community offers both apartment and townhome accommodations, with state-of-the-art amenities, including in-unit laundry, walk-in closets, granite countertops and high-end appliances. Residents enjoy community access to a resort-style pool, an outdoor pavilion and lounge, a two-story fitness and cardio center, a “cyber” lounge and a UTSA campus shuttle.

The Luxx is just 20 minutes from the San Antonio metropolitan area, home to popular attractions such as the Riverwalk, La Villita, San Antonio Botanical Garden and numerous shopping malls. Six Flags Amusement Park is five minutes to the north, offering residents a variety of entertainment options and activities.

Ryan Lang, Jack Brett and Ben Harkrider with Newmark represented the seller, a joint venture between Crow Holdings Capital and The Preiss Company. The asset was 95% occupied at the time of the sale.

With strong enrollment growth projections, the San Antonio student housing submarket has no private off-campus student housing assets under construction through 2025. This lack of new development, coupled with San Antonio’s own population growth, continue to strengthen the supply and demand fundamentals of the UTSA market. Purpose-built student housing properties are expected to maintain stable occupancy and experience strong pre-leasing rates in the coming years.





Return to the previous page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media