Casey Development Secures Sale of Student Housing Property in San Marcos

by Haisten Willis

SAN MARCOS, TEXAS — Casey Development has completed the sale of Uptown Square Apartments, a 512-bed student housing apartment community located in San Marcos. The buyer, Inland Real Estate Group, is a commercial real estate and finance firm specializing in commercial real estate acquisitions, brokerage, development and management. Developed and constructed in 2015 by Casey Development, Uptown Square is located near Texas State University, the fourth largest public university in Texas. Unit interiors at Uptown include nine-foot ceilings, granite countertops, oversized closets, stainless steel appliances, crown molding and private patios/balconies. Community amenities include a fitness center, clubhouse, study rooms, computer lab, tanning bed, pool, volleyball court and an outdoor kitchen. Occupancy was above 97 percent at the time of the sale.

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