Friday , 24 March 2017
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Austin Group Buys Properties in Central Texas

AUSTIN – World Class Capital, an Austin-based private investment firm, has acquired a retail center in San Antonio and purchased State Flats, a 162-unit student housing community in San Marcos, Texas near Texas State University’s main campus. State Flats is located on Aquarena Springs Drive with additional frontage on IH-35, one of the most traveled highways in Texas.

“State Flats fits our value-add strategy in the student housing sector,” said Sheena Paul, a Vice President at World Class Capital Group. “We seek to acquire student housing properties near growing universities. State Flats and the San Marcos market stand to benefit from the growth of Texas State University.”

World Class Capital also recently acquired Culebra Crossing, a 141,000 SF retail center in San Antonio. Culebra Crossing, is located on Culebra Road in Northwest San Antonio, two miles north of Loop 410. The center is 93 percent occupied and is anchored by WellMed and Family Dollar.

World Class Capital Group has been an active investor in the student housing sector since the firm’s inception and it has purchased several retail properties in 2013.

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