- 180-Bed newly constructed student housing asset
- Pedestrian to campus at Tarleton State University
- University Master Lease in Place for 112 Beds
- Providing residents with fully furnished 1-, 2-, and 4-bedroom floor plans
- Currently 100% pre-leased, 8% rent growth
Fireside District
Fireside District is a 66-unit, 180-bed student housing community less than a half mile to the campus of Tarleton State University (part of the Texas A&M system) in Stephenville, TX. Brand new in 2021, Fireside features a mix of furnished 1, 2 and 4 bedroom floor plans, all with bed-bath parity. The property boasts a competitive amenity set with a pool, outdoor social lounge, clubhouse with kitchen, study lounge with conference room and ample on-site surface parking.
Tarleton State University saw record enrollment in Fall 2023 with 14,092 students as well as its largest ever freshman class at 2,079 students. Strong enrollment figures have led to robust performance in the off campus student housing market, the three newer properties in the competitive set were 98% occupied for 2023-24. Pre-leasing is pushing 87% for the market with Fireside District fully 100% pre-leased for 2024-25 with 8% rent growth. The housing market is so tight, Tarleton State actually executed a master lease for 40 beds this school year and 112 beds this fall. Fireside District is offered free and clear of existing debt.
Tarleton State University
Tarleton State University was established in 1899 and has evolved and thrived within The Texas A&M University since its inclusion in 1917. Located in Stephenville, the main campus serves as a focal point for the Tarleton student experience; meanwhile, classes are also held in Fort Worth, Waco, Bryan, and across the state of Texas through the university’s online learning platform. Tarleton State boasts over 120 unique degree programs today, and belongs to a group of just 4% of U.S. universities that hold the distinction of being Doctoral Universities - High Research Activity by the Carnegie Classification of Institutions of Higher Education.
The university has experienced unprecedented growth recently with the strategic expansion of several key facilities. This included the establishment of a cutting-edge Event Center, a state-of-the-art headquarters dedicated to research and economic development, and the development of a Health Professions Building. A number of new developments have been completed on campus as part of the ongoing modernization program at Tarleton; including a new dining hall, agricultural complex, and the sports recreational facility featuring an indoor track, climbing wall, and state-of-the art exercise equipment.
