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1655 Mill Street

Nick Weber And Andy Feinour Acquire Student Housing Community The Thompson In San Marcos
SOLDStudent Housing

Nick Weber And Andy Feinour Acquire Student Housing Community The Thompson In San Marcos

1655 Mill Street

Building Size

Asset Type

Student Housing

Closing

Jan 16, 2026

AI

The property involved in this transaction is a student housing community located at 1655 Mill Street in San Marcos, comprising 132 units and accommodating a total of 528 beds. The asset type is specifically targeted towards student housing, catering to the increasing demand in a fast-growing area close to Texas State University.

Summary of transaction details:

  • Property Type: Student Housing
  • Transaction Amount: Not specified
  • Address: 1655 Mill Street
  • Market: San Marcos
  • Units: 132
  • Beds: 528

The transaction was facilitated by Nick Weber from Henderson Park and Andy Feinour from Student Quarters, who represent the buyers in this deal. The buyers plan to implement upgrades to enhance the property, improving the amenities available to residents.

Players

CBRE
CBREBrokerage

Andy Feinour

Student Quarters

Buyer

$268.1M

vol

5 deals

Buyer

San Marcos Student Housing Market Snapshot

Boundary boundary · Student Housing · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93