Versity Invest, LLC Acquires Oso Verde Student Housing Near Baylor University In Waco
2501 South University Parks Drive
Building Size
—
Asset Type
Student Housing
Closing
Jan 24, 2024
AI
Oso Verde, a 103-unit student housing community near Baylor University in Waco, Texas, has been sold. The property, located at 2501 South University Parks Drive, was acquired by Versity Invest, LLC. The fully furnished student housing offers a range of amenities, including a shuttle bus service, resort-style pool, and fitness center.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: Not mentioned
- Units: 103
- Beds: 297
- Market: Waco
The buyer of Oso Verde is Versity Invest, LLC. The sale was facilitated by JLL Capital Markets on behalf of the seller, Bullseye Development. The transaction involved brokers Kevin Kazlow, Scott Clifton, and Teddy Leatherman from JLL, representing both the buyer and the seller. The deal was closed on January 24, 2024.
Players
Waco 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