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Joint Venture Acquires Two Student Housing Communities Totaling 1,016 Beds in Texas

Thrive-Lubbock

Thrive Lubbock, one of two student housing properties in the newly acquired portfolio, totals 744 beds.

AUSTIN AND LUBBOCK, TEXAS — A joint venture between TEXLA Housing Partners, Southeast Apartment Investors and a private real estate fund advised by Crow Holdings Capital has acquired two student housing communities in Texas. The joint venture acquired Thrive Lubbock, a 744-bed community located near Texas Tech University in Lubbock; and 21 Pearl, a 272-bed community located near the University of Texas at Austin. An affiliate of TEXLA will operate the communities, both of which will undergo multi-million dollar interior and exterior upgrades.

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