Updated Jul 28, 2025
Larry Jacobson Of Jacobson Equities Acquires 260-Bed Student Housing Near Texas A&M University
405 Cross Street
Units
163
Asset Type
Student Housing
Closing
Jul 23, 2025
About this deal
AI
The property involved in this transaction is a 260-bed, 163-unit student housing complex located at 405 Cross Street in College Station. Built in 2005 and 2009, the asset is situated near Texas A&M University and features strong fundamentals along with value-add potential through operational improvements and targeted upgrades.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: Not specified
- Units: 163
- Beds: 260
- Address: 405 Cross Street
- Market: College Station
- Buyer: Larry Jacobson
- Company: Jacobson Equities
Larry Jacobson, representing Jacobson Equities, acquired the property as part of a national multifamily expansion strategy aimed at enhancing the portfolio through strategic upgrades and operational efficiencies.
On the Map
Student Housing
View full map
Players
College Station Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
Loading comparables…
Deal FAQ
Browse College Station student housing sales on Traded.
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