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Lubbock: Vesper buys 864-bed University CourtyardLubbock: Vesper buys 864-bed University Courtyardhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=105602015-09-18T05:00:00Z

​LUBBOCK - New York City-based Vesper Holdings has acquired University Courtyard in Lubbock.

Completed in 2005, University Courtyard is an 864-bed student housing community located in close proximity to Texas Tech University.

University Courtyard contains twelve three-story residential buildings and a clubhouse spread across a 30-acre site.

The property consists of two-, three- and four-bedroom floor plans. All of the units have a one bed to one-bath ratio.

Vesper is planning to execute a complete renovation of University Courtyard and intends to invest $4.5 million in capital expenditures.

Property improvements will include a renovation of the units and amenities, as well as extensive enhancements to the property’s exteriors and substantial technology upgrades throughout the complex.

KBMT TV
Lubbock
Multifamily
http://www.12newsnow.com/story/30036883/vesper-holdings-expands-student-housing-portfolio-in-lubbock-with-acquisitionRead more at {Source}

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