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星空体育app下载 Completes Sale of Student Housing Asset Adjacent to The University of Texas at San Antonio

The Luxx

June 6, 2024 1:00 PM

星空体育app下载 announces it has facilitated the sale of The Luxx, a premier student housing community located at 6023 UTSA Boulevard in San Antonio, within walking distance of The University of Texas at San Antonio (USTA).

星空体育app下载 Vice Chairman and Head of the company鈥檚 Student Housing group Ryan Lang, Managing Director Jack Brett and Director Ben Harkrider represented the seller, a joint venture between Crow Holdings Capital and The Preiss Company. The buyer was Palladius Capital Management. The asset was 95% occupied at the time of the sale.

鈥淪tudent housing demand remains high, and UTSA offers strong growth prospects for future enrollment,鈥� said Lang. 鈥淥ur team is proud to have been part of this seamless execution and congratulate the seller on their continued success in the market.鈥�

A quarter of a mile from campus, the 15-acre, 220-unit, 694-bed 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 鈥渃yber鈥� 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.

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鈥檚 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.

About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, 星空体育app下载 generated revenues of approximately $2.5 billion. As of March 31, 2024, 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit or follow .

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