Skyloft, a class-A student housing property near UT, has been acquired for $100 million.
AUSTIN, TX—Aliso Viejo, CA-based Nelson Partners has acquired Skyloft, a class-A student housing property one block from the University of Texas for $100 million. The property is located adjacent to the university co-op building in the West Campus District.
Skyloft is also already 77% preleased for the 2019-2020 academic year. The 2018-built 100% occupied 674-bed student housing property is spread over 18 stories. Skyloft includes a rooftop pool, high-speed Wi-Fi, a custom Amazon package receiving system, full meal vending machines, fitness center, marketplace, in-unit washers and dryers, controlled access, study lounges, and subterranean parking.
“We are extremely fortunate to have acquired what we believe is one of the premier student housing projects not just in the market, but across the entire country. It offers the best in every category from location to amenities,” said Patrick Nelson, CEO and founder of Nelson Partners.
Nelsons Partners is a student housing firm with more than $600 million in assets under management, ground-up construction and onsite property management. Nelson Partners student housing portfolio is approximately 99% occupied.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
