Summary:
- Palantine Capital Partners offloaded Arba San Marcos, a 240-unit student housing community serving Texas State University in San Marcos. The buyer was Centurion Property Group.
- The San Antonio Express-News reports that Centurion took out a $42.5 million loan from Ladder Capital Finance of New York to make the purchase.
- Arba San Marcos was built in 2014 and features 748 beds across 240 units in a mix of two-bedroom/two-bathroom, three-bedroom/three-bathroom and four-bedroom/four-bathroom floor plans. The furnished community offers modern amenities and convenient access to Texas State University.
Original article:
https://www.connectcre.com/stories/centurion-acquires-748-bed-texas-state-student-housing-project/
