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|Number of units||45|
Jones Lang LaSalle, L.P. and JLL Real Estate Limited proudly present 11th Street Flats. 11th Street Flats is a 45 Unit/134 Bed student housing property located within walking distance to Baylor University, inside the "Baylor Bubble". Baylor’s Fall 2021 enrollment hit a record high of 19,683 students and is projected to grow by 1.7% annually. With no supply in the development pipeline, the bed-to-student ratio is expected to dip below 60% in the coming years as enrollment is projected to grow by about 350 students annually. New investors are offered the opportunity to invest in an asset that provides consistent cash flow at a Tier-1, Power-5 University located in the booming state of Texas.
- 100% master leased by Baylor University through Fall 2023 with extension option.
- Rents currently $168 behind competitive set, allowing for significant rent growth once master lease expires.
- Zero supply in pipeline with significant enrollment growth.
- Located within the “Baylor Bubble” allowing students the ability to walk to campus, nightlife, and McLane Stadium.