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Texas  + Student Housing  |  November 3, 2020
Paul Bubny
By: Paul Bubny

Ocean West JV Acquires Student Housing Near UT Austin

Ocean West Capital Partners closed on the acquisition of Moontower, a 567-bed student housing community located at the University of Texas at Austin. Ocean West led the investment group, comprised of Tiger Alternative Investors, Korea Investment & Securities Co., and Landmark Properties.

“Ocean West continues to value the partnership it has formed with Tiger, KIS and Landmark, and we look forward to new opportunities to grow our portfolio together,” said principal Ryan Tucker. “The Moontower asset is truly one of the premier trophy assets in the country, and we strongly believe in this market and this university. We have great expectations for this asset going forward.”

The 18-story high-rise was completed before the Fall 2020 semester, and the property opened at nearly 100% occupancy. Over the past 15 months, this joint-venture partnership has now acquired seven student housing assets totaling more than 4,400 beds and $800 million in value.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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