Texas State University student housing community trades hands

DALLAS, Jan. 28, 2026 –  JLL Capital Markets announced today that it has arranged the sale of Arba San Marcos, a 240-unit student housing community serving Texas State University in San Marcos, Texas.

JLL’s National Student Housing team represented the seller, Palatine Capital Partners. The buyer was Centurion Property Group.

The property is strategically located in San Marcos, positioned between the major metropolitan areas of Austin and San Antonio along the Interstate 35 corridor. This prime location provides residents with access to Texas State University, regional employment opportunities, shopping centers and major transportation infrastructure connecting two of Texas's largest cities.

San Marcos has experienced remarkable growth as the area benefits from strong regional demand drivers, contributing to Texas leading the nation in population growth and ranking second nationally in 18-24-year-old demographic growth.

Arba San Marcos was built in 2014 and features 748 beds across 240 units in a mix of two-bedroom/two-bathroom, three-bedroom/three-bathroom and four-bedroom/four-bathroom floor plans. The furnished community offers modern amenities and convenient access to Texas State University.

Texas State University posted record enrollment of 44,596 students in Fall 2025, representing a 10% year-over-year increase. The university is targeting 50,000 students by 2033 and recently announced its transition to the Pac-12 athletic conference beginning in the 2026-2027 academic year.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Palatine is a real estate investment firm that combines operational expertise with transactional acumen to uncover and optimize value. Founded in 2007, the firm focuses on thematically aligned, needs-based, and consumer-oriented sectors. Palatine’s investment strategies span commercial sectors (including self-storage, small-bay industrial, and parking), as well as residential sectors (including multifamily and student housing). Since inception, Palatine has completed more than 125 investments representing approximately $3.0 billion in total property capitalization.

Centurion Property Group specializes in the acquisition, management and improvement of value-add, income producing real estate properties in the multifamily, student housing and hospitality sectors within opportunistic locations. The company is led by a seasoned team of experts with over 50 years of successful experience in the acquisition and operation of real estate assets.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.