The Cottages at Corpus Christi

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present The Cottages at Corpus Christi (the "Property" or "The Cottages"), a 153-unit, 500-bed student housing community serving Texas A&M University Corpus Christi (the "University" or "TAMU-CC") in Corpus Christi, TX. The Cottages at Corpus Christi offers exclusively cottage-style homes, featuring some of the largest floor plans in the market. Residences range from two to five bedrooms, each designed with private bedrooms and en-suite bathrooms. Every home comes complete with a patio, while select homes also have private balconies.

The Cottages serves Texas A&M University Corpus Christi whose enrollment surpassed 10,800 students in the Fall of 2023. This marked the University's third consecutive year of enrollment growth. TAMU-CC offers 85 academic programs, creating an individualized learning experience for students. The University is one of 135 institutions listed as an R2-High Research Activity Campus by the Carnegie Commission of Higher Education. TAMU-CC also hosts 9 Division 1 athletic teams who compete as the Islanders.

The TAMU-CC student housing market has rebounded heading into the 24/25 Academic Year ("AY"), benefitting from the continued strength of the University. The student housing market is currently 95% occupied while growing rents 7%. The Cottages is a market-leading asset, achieving 98% occupancy and 8% rent growth for the 24/25 AY.

Corpus Christi, a vibrant city of more than 316,000 residents, boasts a diverse and robust job market. Major employers in the area include TAMU-CC, the Naval Air Station Corpus Christi, and the Corpus Christi Medical Center Bay Area. Collectively, these institutions contribute over 12,000 jobs to the local economy, serving as pillars of employment and economic stability for the region. This strong employment base, coupled with the city's strategic location on the Gulf Coast, positions Corpus Christi as an attractive destination for both businesses and job seekers alike.