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San Marcos: Vesper buys Wildwood student housingSan Marcos: Vesper buys Wildwood student housinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=11432015-05-01T07:30:00Z2015-05-01T07:00:00Z

SAN MARCOS - Vesper Holdings announced it two latest acquisitions in Texas — Wildwood San Marcos and University Fountains in Lubbock.

Wildwood San Marcos is a 132-unit, 528-bed student housing community located in close proximity to Texas State University at 1655 Mill St.

Wildwood is comprised of 11 three-story residential buildings and a clubhouse.

The 216,000-sf property consists of 132 four-bedroom/four-bathroom flats and townhomes.

The units are among the largest in the market at 1,634 sf and all have a desirable one-bed/one-bath ratio.

Completed in 2013, Wildwood is one of the newest and most sought after properties in the off-campus market.

The property currently maintains a 99 percent occupancy rate, and all apartments are fully furnished.

Vesper purchased Wildwood at a discounted price in an off-market transaction.

Vesper is allocating $250,000 toward property improvements. These funds will be used to improve curb appeal, renovate the clubhouse and pool and upgrade the amenities.

PRNewswire
Austin-Round Rock
Multifamily
http://www.ireachcontent.com/news-releases/vesper-holdings-expands-into-two-more-texas-student-housing-markets-501807291.htmlRead more at {Source}

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