Arba San Marcos

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.