Student Housing
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 |
| Acquisition: | December 2010 |
| Disposition: | May 2011 |
- Location
