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Longhorn Lux student housing community, Austin, TX |
AUSTIN, TX – Marcus & Millichap Real Estate Investment
Services, the nation’s largest real estate investment services firm, has
received the exclusive listing for Longhorn Lux, a 243-bed luxury
student housing community in Austin, Texas. The property is being offered on a
“price to be determined by market” basis.
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| Joe James |
Joe James and Kent Myers, senior associates,
and Hector Granado, an associate, all in Marcus & Millichap’s Austin
office, are representing the developer of the project.
“Longhorn Lux is located in West Campus,
which borders of the University of Texas to the west,” says James. “West Campus
is the most prized student market for the university and the opportunity to buy
new student mid-rise product is rare.”
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| Kent Myers |
“The University of Texas at Austin posted a
2.2 percent increase in enrollment last year and Longhorn Lux is currently 97
percent occupied,” adds Myers. “The property will be fully leased in the
upcoming school year.”
“As the
preferred location for student living for more than 50 years, this unique asset
offers investors long-term stability,” Granado concludes.
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| University of Texas, Austin, TX campus |
Built in 2012, the 62,808-square foot property is located at
2401 Longview St. in Austin. Longhorn Lux is a three-story mid-rise that
includes 213 underground parking spaces. All units are furnished with beds,
desks, chairs, dressers, flat-screen televisions, nightstands and couches.
Community amenities include a swimming pool, private study
rooms, lounge areas with couches and flat-screen televisions, laundry rooms on
each floor, electronic entry and door locks, a game room with billiards,
fitness center, concierge service and a gaming center with PS3 and Wii.
For a complete copy of the company’s news release, please
contact:
.Ben Johnson
Marketing Director
(925) 953-1736
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