Aldo Facchi Of Centurion Property Group Acquires 240-Unit Student Housing In San Marcos From Alex Hurst

The transaction involved a student housing community located at 1980 Aquarena Springs Drive in San Marcos. This asset features 240 units and a total of 748 beds, catering primarily to students from Texas State University. The property, known as Arba San Marcos, was built in 2014, strategically positioned to benefit from the rising enrollment at the university, which reached a record high of 44,596 students in Fall 2025.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $42.5 Million
• Buyer: Aldo Facchi - Centurion Property Group
• Seller: Alex Hurst - Palatine Capital Partners
• Lender: Ladder Capital Finance

Aldo Facchi represented Centurion Property Group as the buyer, while Alex Hurst represented Palatine Capital Partners as the seller in this transaction. The acquisition was financed through a loan sourced from Ladder Capital Finance.