Texas State Student Housing Project Gets Recap, Revamp

The Preiss Company has completed a recapitalization of the 486-bed Outpost San Marcos near Texas State University. New equity will go toward a major renovation of the off-campus apartments. A $3.3m renovation plans include upgrading cabinetry, countertops, flooring and furniture in more than half the units. The exterior will receive new siding and roofing, while the clubhouse will receive an amenity revamp. The property’s internet capabilities also will be upgraded.

John Preiss said, “This refresh will allow us to meet the evolving needs and desires of students looking for the latest amenities and services available today. We’ve completed more than 15 recaps over the past decade, representing 10,000-plus beds, 5,000 of which remain in our portfolio.”

The company says that it’s ranked in the nation’s top 10 of the largest, privately held, student housing owner-operators.