San Marcos, Texas — The Preiss Co. has acquired the 486-bed Outpost San Marcos student housing complex serving Texas State University.
The property is the second purchased this year by joint ventures comprised of Preiss, Baltimore-based Criterion Holdings LLC and a separate private investment group. Preiss plans to upgrade the property, as well as operate the facilities.
The Outpost San Marcos is located within walking distance to the football stadium and approximately seven minutes from the Texas State campus via transportation provided by the University.
Situated on 11.2 acres, the complex consists of six, three-story buildings and a standalone clubhouse.
Upgrades will include enhancing the clubhouse, including adding a large study/computer room. Plans also call for the installation of new fitness equipment with Fitness on Demand, new furnishings, new pool furniture and a major upgrade to Internet connectivity and speed.
The Outpost features fully furnished private bedrooms, bathrooms and balconies; plank wood flooring and upgraded electronic front door locks. Amenities include a 24-hour fitness center, free tanning beds, a business center, pool table, shuffle board, theater room with DVD library, and cable TV with HBO. Students can enjoy a resort-style swimming pool with sun deck and hot tub, barbecue grills, basketball court and sand volleyball court.