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| Teddy Leatherman |
DALLAS, TX – JLL Capital Markets has closed the sale of 11th Street Flats, a 134-bed / 45-unit student housing community adjacent to Baylor University in Waco, Texas. The price was not disclosed.
JLL represented the seller, Newsome
Development and Investments. Waterway Family Funds acquired the asset.
This transaction marks the first student housing
acquisition for Waterway Family Funds since Jeremy Pemberton, formerly with
Waypoint Residential, joined the company in 2022.
Constructed in 2015, 11th Street
Flats features two-, three- and four-bedroom units with nine-foot ceilings,
granite countertops, private bathrooms for each bedroom, fully furnished living
rooms, flat screen televisions and full-size washers and dryers. Community
amenities include a fitness center, off-street parking, a study lounge, a
campus view deck, and bike racks.
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| Stewart Hayes |
Situated at 1722 S 11th St., the community is
located between I-35, La Salle Avenue and the south side of the university,
which serves as the most attractive area for students at Baylor University
while also being along the bus route.
The property is approximately 0.3 miles from the
university, 1.9 miles from the McLane Football Stadium and 1.8 miles to the
popular bars and restaurants of downtown Waco.
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| Scott Clifton |
The
JLL Capital Markets team was led by Senior Directors Teddy Leatherman,
Stewart Hayes and Scott Clifton.
CONTACT:
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
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