University square

313 Lincoln Ave | ​ College station, tx 77840

149 Units

192 Beds

726 Avg SF

Built in 1987

The Opportunity

Berkadia’s Multifamily Investment Advisory Team is pleased to announce the exclusive listing of University Square, a two-story garden style community located in College Station, Texas. Constructed in 1987, and located pedestrian to Texas A&M University, the Property is comprised of 149 units / 192 beds in Studio-2BR/2BA floor plans. Given its low-density unit types and proximity to campus, the Property appeals to a mix of undergraduate and graduate students, along with faculty and staff. Currently 99.5% occupied for the 2022-2023 academic year, with an average in-place rent of $715/bed, it is uniquely positioned to offer investors a highly defensive Core risk profile along with value-add upside.

A long-term investor may also benefit from the Property’s future redevelopment potential. The asset is positioned on a 6.3-acre parcel within walking distance of the College Station campus. This represents a current low density of 24 units per acre and future density may be allowed and warranted as it is within walking distance of one of the nation’s largest campuses.

Community Amenities

  • On the Texas A&M and Blinn Shuttle Routes
  • Pet Friendly with On-Site Dog Park
  • Sparkling Swimming Pool
  • 24-Hour Fitness Center

Unit Amenities

  • Furnished & Unfurnished Options
  • High Speed Internet Included
  • Hardwood-Style Flooring
  • Spacious Unit Layouts
  • Fully Equipped Kitchens
  • In-Unit Washer & Dryer
  • Large Walk-In Closets

Contact Us

Austin Office

2500 Bee Cave Road
Building 3, Suite 550

Austin, TX 78746

BErkadia Team

Investment Sales

Kelly Witherspoon

Senior Managing Director
512.226.8706
kelly.witherspoon@berkadia.com

Kevin Larimer

Senior Managing Director - Student Housing
248.341.3305
kevin.larimer@berkadia.com

Justin Cole

Senior Director
512.226.8711
justin.cole@berkadia.com

Adam Sumrall

Director
512.960.2674
adam.sumrall@berkadia.com

Mortgage Banking

Cameron Hart

Director
512.226.8708
cameron.hart@berkadia.com

John Romano

Associate Director
512,226.8714
john.romano@berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. ​ ​

© 2021 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing