Mac 4460

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present Mac 4460 (the "Property"), a 115-unit, 327-bed student housing community pedestrian to University of Houston ("UH," "Houston," or the "University"). University of Houston grew enrollment by 2.8% in 2024 to 47,890, driven by 10% growth to its first-year class. The University has grown its first-year class size for four consecutive years from 2021-2024. Mac 4460 has reached 94%+ occupancy in consecutive lease-ups and is well-positioned to continue stable performance as UH significantly increases its first-year class size. Houston is home to two additional universities – Rice University ("Rice") and Texas Southern University ("TSU") – which host over 16,500 additional students. Further, the Property is less than a ten-minute drive from the Texas Medical Center ("TMC"). The TMC is the largest medical complex in the world, with over 106,000 employees. These large supplemental tenant bases will further drive property performance.

In addition to growing enrollment, UH and surrounding universities provide a strong investment environment for student housing, with no off-campus student housing in the development pipeline and no on-campus living requirement. Existing purpose-built properties comprise fewer than 6,000 beds and face no additional future competition. This generates an exceptional capture ratio at Mac 4460, given access to the 21st largest student body in the nation at UH, in addition to Rice and TSU.