Treehouse Apartments

Location: San Marcos, TX
Type: Multifamily
Price: $ 6,600,000

SMC’s $6,600,000 first mortgage loan refinanced existing debt on a twelve-building, 138-unit conventional apartment complex which caters to Texas State University students. The Subject improvements are two-story and three-story, garden style apartment buildings originally built in 1973 and renovated most recently in 2009. The Subject is located directly across the street from the Texas State University campus. As of the fall 2012 semester, Texas State University has a total enrollment of 34,229 students, which is a new record for Texas State University and it marks the 15th consecutive year Texas State University has set a new record for total enrollment of students.