Springs at University Drive

Springs at University Drive

View Offering Memorandum and Financials

Offering Summary:

  • Location: Bryan, TX
  • Year Built: 2017
  • Units: 216

Investment Highlights:

  • ​​​​​​​Unique, Low-Density Community – The asset differentiates itself from the competition with 216 units situated on 12.73 acres (17 units per acre) with a large average unit size of 976 square feet. Additionally, each unit has its own private entry and there are numerous attached and detached garages.
  • Strong Current Cash Flow Plus Value-Add Upside – Springs at University Drive offers an attractive in-place yield, plus a proven value-add program, offering the new investor immediate rental income upside.
  • Proven First-Generation Value-Add Opportunity – Springs at University Drive consists of 44 “Concierge Units” that offer a higher level of interior finishes and achieve a $50 premium. A new owner can further expand this program to further increase rental income.
  • Located in High-Growth Secondary Market – Bryan/College Station has experienced a 12.5 percent increase in population since 2010, while boasting record low unemployment rate of 2.8 percent (Pre-covid).
  • Five Minutes from Texas A&M University – The university is Bryan/College Station’s primary driver, with the second largest enrollment in the United States supported by over 17,000 employees.

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