On behalf of the Owner, Colliers as exclusive advisor, is pleased to present the opportunity to acquire Solana Ranch, a Class A pedestrian student housing community adjacent to Texas A&M University–Kingsville. The university has experienced steady enrollment growth resulting in increased demand for purpose-built student accommodations in the market. The community consists of 327 units across eight buildings, offering a total of 810 beds with a diverse mix of one-, two-, and four-bedroom floorplans that cater to a broad range of student preferences. With an average unit size of 989 square feet, the community provides spacious, fully furnished apartments that include modern conveniences such as living room televisions and fully equipped kitchens, enhancing its appeal to students.

Solana Ranch remains the top off-campus student housing community serving TAMUK. Located on the southeast side of campus, Solana is the closest community to the academic buildings making it the best located community in the market. In addition to the top location, Solana is the newest built community with Phase 1 delivered in 2015 and Phase 2 in 2021. The Two- and Four-Bedroom units are the largest in the market while offering per square foot rates below the top competitors allowing for future rent growth with new ownership.

Enrollment at TAMUK has steadily increased since 2022 with a notable increase in applications of 56.7% since 2021. With increased applications, TAMUK acceptance rate has declined by 7.2% the last four years providing TAMUK with a higher quality student base. ​​​As university enrollment continues to rise, Solana Ranch is well-positioned to capture sustained occupancy levels and rental growth, making it an attractive investment with stable cash flow potential and long-term upside.