Built in 2009, La Estancia apartments were located on 7.34 acres of land and offered 103 units.
The apartment complex was within walking distance to the University of Texas – Brownsville and included a sparkling swimming pool, game room, lounge area with flat screen televisions and billiards tables, and an outdoor grill area.
- Acquire a newly constructed, non-stabilized asset on an all-cash basis
- Replace the student led management team with a professionally run team by Lynd.
- Grow occupancy while raising rents with the intent to sell after 36 months.
|Investment Type:||Distressed Student Housing Opportunity|
|Property Type:||Student Housing|
|Status:||Sold to the University of Texas System Board of Regents|