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1850 Aquarena Springs Dr | San Marcos, Texas
Villagio Apartments
2004
BUILT
180
UNITS
492
BEDS
Opportunity
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$639
Avg Rent/Bed
$1.65
Avg Rent/SF
96%
Occupancy
University Overview
APARTMENT Amenities
Direct access to IH 35 and Texas State main campus
On the Texas State Shuttle Route
24-hour State-of-the-Art Fitness Center w/ Separate Spin and Yoga Studio that features Fitness On-Demand
Upgraded Cyber Café with Three Private Conference Rooms
Monthly Planned Resident Social Events
On-Site Management & Maintenance
Courtesy Patrol Officer on-site
Clubhouse w/ Kitchen and TV lounge
Updated Resort Style Pool and Cabana Lounge
Monitored Gated Community
Leap Guarantor Option
Open Floor Concept
Resort Style Pool
Basketball Court
Sand Volleyball Court
Dog Park
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Spacious two-, three-, and four-bedroom floorplans
Individual Leases
Free High-Speed Internet & Cable w/ HBO
Private Bedrooms & Bathrooms
Roommate Matching Available
Luxury Furniture Package with Spacious Study / Computer Desk Included
Designer GE appliances including full size washer/dryer
Large Private Patios / Balconies
Wood Plank Flooring
Granite Countertops
Vaulted Ceilings
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Community Amenities
PROPERTY INFORMATION
• Value-add opportunity with ideal unit mix in a strong Texas Market – rates trail market by 30 to 40%
• Texas State University set a record for the largest number of new students in Fall ‘22
• The university is poised for massive growth with over $500 million invested
• Villagio is 0.72 miles from campus with a university owned shuttle stop at the property
• San Marcos was ranked as the fastest growing city in America for three years in a row by the U.S. Census Bureau
• Forbes named the Austin / San Antonio corridor, which totals more than 5,000,000 residents, as the Next Great Metropolis
THE OPPORTUNITY
Texas State University enrolled a total of 38,171 students for the fall 2022 semester, marking the eighth consecutive year with enrollment surpassing 37,000 students. Of the total student body at the beginning of the academic year, 34,234 were undergraduates and 3,937 were pursuing graduate or professional degrees. Diverse in nature, approximately 95% of students represent various counties within the state of Texas. Additionally, 88.7% of the undergraduate student body is 18 to 24 years old, generating a significant population for apartment demand in the area.
There are only 6,853 beds on the Texas State campus, which leaves over 31,000 students in need of off-campus housing.
University Overview
PHOTO GALLERY
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Brandon Buell
Senior Managing Director – Student Housing
346.444.8982 | brandon.buell@berkadia.com
Erin Wodehouse
Financial Analyst - Student
248.341.3333 | erin.wodehouse@berkadia.com
Kevin Larimer
Senior Managing Director - Student Housing
248.341.3305 | kevin.larimer@berkadia.com
Jennifer Ayers
Student Housing
689.244.5554 | jennifer.ayers@berkadia.com
Genna Jago
Marketing Project Manager - Student Housing
248.341.3336 | genna.jago@berkadia.com
BERKADIA STUDENT HOUSING TEAM
CONTACT Info
28411 Northwestern Highway, STE 300
Southfield, MI 48034
Phone: 248.646.7701
Detroit Office
2229 San Felipe Street, Ste 1600
Houston, TX 77019
Phone: 713.974.1300
Houston Office
125 South Wacker Drive
Suite 400
Chicago, IL 60606
Phone: 312.845.8500
Chicago Office
Steve Skok
Managing Director
312.845.5164 | steve.skok@berkadia.com
Mortgage Bankers
Aaron Moll
Director
248.208.0529 | aaron.moll@berkadia.com
Peter Benedetto
Senior Managing Director
248.208.3462 | peter.benedetto@berkadia.com
University Overview
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Brandon Buell
Senior Managing Director – Student Housing
346.444.8982 | brandon.buell@berkadia.com
Erin Wodehouse
Financial Analyst - Student
248.341.3333 | erin.wodehouse@berkadia.com
Kevin Larimer
Senior Managing Director - Student Housing
248.341.3305 | kevin.larimer@berkadia.com
Jennifer Ayers
Student Housing
689.244.5554 | jennifer.ayers@berkadia.com
Genna Jago
Marketing Project Manager - Student Housing
248.341.3336 | genna.jago@berkadia.com
BERKADIA STUDENT HOUSING TEAM
CONTACT Info
28411 Northwestern Highway, STE 300
Southfield, MI 48034
Phone: 248.646.7701
Detroit Office
2229 San Felipe Street, Ste 1600
Houston, TX 77019
Phone: 713.974.1300
Houston Office
125 South Wacker Drive
Suite 400
Chicago, IL 60606
Phone: 312.845.8500
Chicago Office
Steve Skok
Managing Director
312.845.5164 | steve.skok@berkadia.com
Mortgage Bankers
Aaron Moll
Director
248.208.0529 | aaron.moll@berkadia.com
Peter Benedetto
Senior Managing Director
248.208.3462 | peter.benedetto@berkadia.com
University Overview
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Opportunity
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