Purpose-built 2021 student housing acquired with seller financing, fully pre-leased, with consistent collections through disciplined asset management.
The property
561 S Second is a 15-unit, purpose-built student housing property completed in 2021 in Stephenville, Texas, home to Tarleton State University. Units are pre-leased ahead of each academic year, and the property runs at full occupancy.
Why we bought it
The property was acquired for $1.6 million using seller financing — a creative structure that let us close on terms the seller wanted while preserving cash flow for investors. Pre-leasing and steady collections make it a small but dependable piece of the portfolio.
Our role
Direct Commercial Acquisitions is key principal and general partner, with responsibility for asset management and investor relations.
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