The Arch Abilene_Property for Sale
The Arch Abilene_Property for Sale
2702 North Judge Ely Boulevard, Abilene, TX, 79601, US

The Arch Abilene

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present The Arch Abilene (“The Arch” or the “Property”), a 192 unit / 504 bed student housing community located in Abilene, TX. The Property serves Abilene Christian University (“ACU” or the “University”) whose system-wide enrollment has surpassed a record-breaking 6,000 students. This marks the University’s sixth consecutive year of enrollment growth, with a 4.6% increase over the previous year and a remarkable 19% increase over the past five years.


The Arch Abilene is the closest purpose-built student housing asset to ACU, making it the top choice for students seeking the off-campus lifestyle. The Property boasts 100% bed-bath parity and has the top amenity offering in the market, inclusive of a Starbucks Bistro, Computer Lab, Fitness Center, Resort-Style pool, and more.


The State of Texas has experienced rapid population growth over the past two decades, growing 43% since 2000, making it the second largest state in the United States. Additionally, Abilene has added over 20,000 residents to its population in the last four years. The rising population in the state of Texas will lead to a corresponding demand for post-secondary education. Preliminary data from the state of Texas predicts that by 2030, at least 62% of jobs in Texas will require some post-secondary education.


Arch Abilene has positioned itself as the leading student housing option for ACU students, catering to the growing needs of both the University and the state of Texas. With its exceptional amenities and convenient location, Arch Abilene offers a premium living experience for ACU students.

...

Attributes

Number of units
192
Beds
504
Year built
2007

Media

Investment Highlights

REBOUNDING ENROLLMENT

Despite the inevitable impact of the pandemic on enrollment, over the past five years, ACU has experienced 19% systemwide enrollment growth.


EMPTY DEVELOPMENT PIPELINE LEAVING ROOM FOR VALUE-ADD UPSIDE

There are currently no purpose-built student housing developments in the ACU market, and there have been no new developments since 2013, leaving value-add upside for the next buyer.


PREMIER LOCATION

The Arch Abilene is just 0.56 miles from ACU, making it the closet asset to the University. The Property is also adjacent to major retailers such as Chick-fil-A, Walmart, and more.


SOLE STUDENT PROPERTY IN ABILENE

The Arch Abilene is the only student housing property in the ACU market that offers leases by the bed, making it the top choice for students looking for off-campus housing.



NM LICENSEE

Robert Dmytryk

214.438.6393

robert.dmytryk@jll.com

NM License #53075

The Arch Abilene 4_Property for Sale
The Arch Abilene 4_Property for Sale

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Last updated
25 Sep 2024