J. Wesley Rogers Of Landmark Properties Acquires 359-Unit Student Housing In Lubbock For 1,288 Beds
707 Avenue T & 1819 Glenna Goodacre Boulevard
Building Size
—
Asset Type
Student Housing
Closing
Feb 3, 2026
AI
The property asset involved in the transaction is located at 707 Avenue T and 1819 Glenna Goodacre Boulevard in Lubbock, Texas. This asset is classified as student housing, encompassing 359 units which provide a total of 1,288 beds. The properties were built in 2016 and 2017 and offer a variety of two- to four-bedroom layouts along with resort-style amenities.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: Not specified
- Units: 359
- Beds: 1,288
- Buyer: J. Wesley Rogers - Landmark Properties
- Mortgage Broker: TSB Capital Advisors
- Market: Lubbock
Landmark Properties, represented by J. Wesley Rogers, acquired the Bloc and Park East near Texas Tech University in Lubbock's Overton Park. The acquisition was facilitated by financing arranged through TSB Capital Advisors.
Players
Lubbock 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