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
San Marcos Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
Loading comparables…
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