SAN MARCOS - 29th St. Capital (29SC) has purchased The Villagio Apartments, a 180-unit, 492-bed student housing property located near Texas State University at 1850 Aquarena Springs Dr.
Built in 2005, The Villagio features two-, three- and four-bedroom apartments.
29SC plans to invest about $2 million ($4,100 per bedroom) in capital improvements.
Each fully furnished unit has a bathroom for every bedroom, private patios and a full-size washer and dryer.
The community is 100 percent pre-leased for the upcoming academic year.
Also see Austin-area apartment quarterly data here.
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