Holliday Fenoglio Fowler (“HFF”) has been exclusively retained to offer qualified investors the rare opportunity to purchase fee simple interest in Villas on 26th (the “Property”) a luxury Class A urban-pedestrian student housing property less than .5 miles from The University of Texas (UT Austin).
Built in 2014 and located at the epicenter of the notable West Campus student housing market, the Property is comprised of 182 beds across 49 units. Villas on 26th features the most luxurious and technically advanced units and amenities in the student housing space and is located in the heart of UT’s massive Greek student population in West Campus resulting in a significant rental premiums and continuous leasing momentum for the property.
The property’s performance reflects it’s perfectly thought out design as it has remained 100% occupied since opening and is 70% preleased for the 2019/2020 academic calendar with a year-over-year rental increase of over 8%. Villas on 26th should see continuous rent grow as UT is projected to add an additional 2,800 students to the current enrollment of 51,000 by 2020.
If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.
Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.