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Centurion Purchases 748-Bed Texas State Student Housing Project
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Centurion Purchases 748-Bed Texas State Student Housing Project
Palantine Capital Partners offloaded Arba San Marcos, a 240-unit student housing community serving Texas State University in San Marcos. The buyer was Centurion Property Group. The San Antonio Express-News reports that Centurion took out a $42.5 million loan from Ladder Capital Finance of New York to make the purchase. Arba San Marcos was built in 2014 and features 748 beds across 240 units in a mix of two-bedroom/two-bathroom, three-bedroom/thr…
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