Joint Venture Acquires Two Student Housing Communities in Texas

Thrive Lubbock offers 744 beds near Texas Tech University. Thrive Lubbock offers 744 beds near Texas Tech University.

Austin and Lubbock, Texas — A joint venture between TEXLA Housing Partners, Southeast Apartment Investors and a private real estate fund advised by Crow Holdings Capital has acquired two student housing communities in Texas.

Acquisitions include Thrive Lubbock, a 744-bed community located near Texas Tech University in Lubbock; and 21 Pearl, a 272-bed community located near the University of Texas at Austin. Multi-million dollar interior and exterior upgrades are planned for both properties. An affiliate of TEXLA will operate the communities. 

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