PTLA Real Estate Group Acquires 276-Bed Student Housing Near Texas Tech From Capstone Real Estate Investments

The asset involved in this transaction is a 276-bed student housing property located at 2717 3rd Street in Lubbock, Texas. The property, known as Raiders Walk, features amenities such as two swimming pools, a fitness center, and a clubroom. It was originally constructed in 1975, catering to the student population near Texas Tech University.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: Not disclosed
• Units: 276
• Buyer: Peter Wilson - PTLA Real Estate Group
• Seller: Michael Mouron - Capstone Real Estate Investments
• Brokers: Sarah Foronda, Christopher (Chris) Epp, Craig Miller, Matthew (Matt) Chase, Holden Penn, Ben Sarna & Naomi Bludworth - Walker & Dunlop
• Date of Transaction: 12/02/2025
• Market: Lubbock

This transaction was brokered by Walker & Dunlop, representing both the buyer and seller. The sale involved the transfer of a 196-unit community specifically designed for student accommodation. The property remains in close proximity to Texas Tech University, enhancing its appeal and demand among potential renters.