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707 Avenue T

J. Wesley Rogers Of Landmark Properties Acquires 359-Unit Student Housing In Lubbock For 1,288 Beds
SOLDStudent Housing

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

TSB Capital Advisors
TSB Capital AdvisorsBrokerage

J. Wesley Rogers

Landmark Properties

Buyer

$61.8M

vol

5 deals

Buyer

Lubbock Student Housing Market Snapshot

Boundary boundary · Student Housing · Sale transactions

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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