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Texas  + San Antonio  + Student Housing  |  January 24, 2025
Palladius buys The Lodge in San Marcos
Mike Boyd
By: Mike Boyd

Palladius Acquires TXST Student Housing Property

Seven Hills Realty Trust closed a $31.2 million first mortgage floating rate bridge loan for the acquisition of The Lodge, a 696-bed (258-unit) student housing property located near the 40,000 student Texas State University in San Marcos, Texas. Palladius Capital is the developer/sponsor.

The loan has a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by Walker & Dunlop, who advised Palladius.

Palladius invested more than $170 million in residential properties along the Austin-San Antonio Interstate 35 corridor from June 2023 to June 2024.

Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance company focused on originating and investing in first mortgage loans secured by middle market transitional commercial real estate. SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group (Nasdaq: RMR.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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