Student management

Palladius Capital Management Completes Acquisition of Austin-Area Student Housing Property


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AUSTIN, Texas–(BUSINESS WIRE)–Palladius Capital Management (“Palladius”), a vertically integrated real estate investment manager focused on pursuing multifamily, student housing, hospitality and investment strategies theme, today announced the acquisition of The Heights, a 672-bed student residence in the Austin, Texas suburb of San Marcos. The acquisition was made on behalf of Palladius Real Estate Fund I (“PREF I”), a private real estate investment fund focused on delivering attractive risk-adjusted returns through the acquisition, management and disposal of interests in multi-family and student housing assets across the country.

The Heights, located thirty minutes from downtown Austin and close to the campus of Texas State University, enjoys strong rental volume from the population of 38,000 students. As part of its value creation strategy, Palladius plans to fully renovate the building’s 240 units. It will also revamp common areas, including the clubhouse and pool, FF&E and gym facilities, and improve the exteriors of the building.

“As growing demand for student accommodation drives down cap rates, Palladius remains particularly committed to our tactically contrarian approach to investing, which allows us to identify opportunities that others are overlooking,” commented Nitin Chexal, CEO. of Palladius. “We believe The Heights has been acquired on an attractive basis and this transaction will demonstrate our ability to recognize misjudged risks. We look forward to implementing our capital improvement plan to maximize the value of this well-priced asset. located.”

The Heights represents the most recent acquisition made by the Palladius team along the I-35 corridor. The company’s hands-on approach to asset and property management is an essential part of its risk control and value creation strategies and can be credited with contributing to its historic record of producing strong risk-adjusted returns for its partners and investors.

About Palladius Capital Management

Palladius is a tactically contrarian real estate investment manager that leverages institutional best practices, technology and operational expertise to drive value creation for institutional and individual investors. Led by a team of commercial real estate, finance and technology veterans, Palladius pursues value-added and more core strategies targeting multifamily, student housing, hospitality and other investment strategies. themes through its affiliates. Based in Austin, TX, Palladius manages and operates approximately $500 million in real estate across the United States and is focused on building a highly progressive platform that promotes diversity and inclusion. To learn more, visit www.palladius.com.

*For informational purposes. The statements reflect the opinions of Palladius at the time of publication. Past performance is not indicative of future results, and forward-looking statements reflect Palladius’ beliefs regarding future events which are subject to risks and uncertainties that could cause actual results to differ materially. Please note that all investments involve risk, including the risk of total loss of the capital invested.

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Source: Palladius Capital Management