JLL Capital Markets announced that it closed the sale of Oso Verde, a 103-unit / 297-bed student housing community located near Baylor University in Waco, Texas.
JLL worked on behalf of the seller, Bullseye Development, and Versity Invest, LLC, who acquired the asset.
Oso Verde features one-, two-, four- and five-bedroom, fully furnished units with 10-foot ceilings, vinyl plank wood flooring, walk-in closets, HD flat screen televisions, granite countertops, stainless steel appliances, luxe finishes, washers and dryers, private bathrooms for all bedrooms and patios and balconies. Community amenities include a shuttle bus service, a resort style pool with a lounge deck, a fitness center, volleyball and basketball courts and putt putt golf.
The property is less than one mile from campus, just off Brazos River, and is a five-minute drive to McLane Stadium. Students benefit from proximity to downtown Waco and the Waco Riverwalk, offering shopping, dining, and nightlife. Additionally, the community offers easy access to I-35.
The JLL Capital Markets Advisory Team was led by Managing Directors Teddy Leatherman and Scott Clifton, as well as Director Kevin Kazlow.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
