Oxford, Miss. — Texla Housing Partners has sold University Trails Oxford, a student housing community located near the University of Mississippi in Oxford.
The property was acquired by Capstone Real Estate Investments LLC, which plans to rebrand the community Flatts at South Campus. The property contains 492 beds in a mix of two-, three- and four-bedroom units.
Shared amenities include a resort-style pool, business center, state-of-the-art fitness center, beach volleyball court, basketball court, computer lab and 24-hour game room. Renovations planned by Capstone for the property include the conversion of units to feature community-wide bed-to-bath parity, and common area and unit upgrades.
“The original acquisition in 2010 was the first of many successful value-add acquisitions we've championed with our investors,” says Roger Phillips of Texla Housing Partners. “We look forward to continuing the program well into the future."