Arba San Marcos_Property for Sale
Arba San Marcos_Property for Sale

Arba San Marcos

1980 Aquarena Springs Dr, San Marcos, TX, 78666-8406, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Arba San Marcos — a 240-unit / 748- bed value-add student housing opportunity serving Texas State University (TXST).


Arba offers a compelling platform for a new owner to execute a proven value-add strategy, with comparable properties in the market achieving rent premiums of up to $100 per bed, per month post-renovation. Applying those same premiums by floorplan at Arba would drive $857,760 in additional annual revenue, providing a clear and actionable path to upside.


The property is exceptionally well-positioned to benefit from TXST’s sustained enrollment growth, with Fall 2024 enrollment reaching a record 40,678 students — up 5% year-over-year. First-year enrollment also hit a new high of 8,195 students, reinforcing long-term demand momentum.


Market fundamentals remain favorable, with student housing supply trailing demand. Roughly 40k students are served by just 30k on- and off-campus beds - a gap expected to widen as enrollment

approaches 50k.


In July 2025, TXST announced its move to the Pac-12 athletic conference beginning in the 2026–2027 academic year, a milestone that elevates the University’s national profile, affirms its long-term growth trajectory, and enhances the visibility and liquidity of TXST student housing assets like Arba.

...

Attributes

Year built
2014
Number of units
240
Beds
748

Media

Investment Highlights

  1. Proven Value-Add Opportunity
  2. High Barriers To Entry And Deep Discount To Replacement Cost
  3. Record Enrollment Growth With Path to 50k
  4. TXST Joining Power-Five, Pac-12 Conference Signals Institutional Momentum
  5. $675 Million Campus Investment Fuels Long-Term Demand
  6. Strong Regional Demand Drivers In Booming Corridor
  7. Priced At 50% Of Replacement Costs
  8. Third Most Applied to School in Texas
Arba San Marcos 4_Property for Sale
Arba San Marcos 4_Property for Sale

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Last updated
31 Jul 2025