AUGUST 1, 2019

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Crow Holdings with partner acquires Texas student housing community

by Released

A partnership between TEXLA Housing Partners and a private equity fund managed by Crow Holdings Capital has acquired Thrive in Lubbock, Texas, a 744-bed student housing community serving Texas Tech University.

The seller was not disclosed.

Thrive in Lubbock is a garden-style student housing community located 2.5 miles from Texas Tech University’s academic core along the northwest shuttle route. The 744-bed/264-unit mid-rise student housing community, located at 210 N. Winston Ave., was completed in 2004 and recently received more than $1.6 million in renovations that included updating the clubhouse, fitness center and amenity areas.

New ownership plans to complete the renovation by upgrading unit interiors with new appliances, flooring, furniture and fixture

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