Homestead U Closes 797 Beds In College Station, Texas

Columbus, Ohio -Homestead U, one of the fastest-growing property management companies specializing in student housing, has added to its portfolio in College Station, Texas. Homestead U has acquired the Aspen Heights property from Columbus Pacific and its affiliates, a student apartment complex with 797 beds.
Aspen Heights becomes the third property managed and owned by Homestead U in College Station, joining 2818 Place and Parkway Apartments. The acquisition increases Homestead U’s student property management portfolio to 3,300 beds in College Station, the largest total in the market.
“This most recent acquisition reinforces our strong belief in the power of the Texas A&M University educational system, and in the state of Texas overall,” said Laura Formica, president of Homestead U.
“College Station, Texas, is one of the top collegiate markets in the country and continues to enjoy unparalleled enrollment growth, evidenced by its largest freshmen class in history for fall 2021.”
Aspen Heights will be rebranded as “The Heights,” and will feature 100% cottage-style housing units across 27 acres, offering residents ample personal space to learn and socialize. Residents of The Heights are presented with the ideal backdrop to live their “best lives possible” due to its numerous differentiating features, including the largest sized living units in the market, a full bed/bath parity with an extra half-bathroom and a best-in-class amenity package.
Homestead U credits the state of Texas’ appeal to attract top corporate employers and entrepreneurs as a favorable climate for conducting business. “These excellent fundamentals uniquely position Homestead’s collection of properties at Texas A&M College Station to outperform,” said Formica.
Homestead U manages student housing properties in five U.S. states and is a division of Homestead Companies.
About Homestead Companies Homestead Companies is a fully integrated real estate company with in-house development, construction, management, and investment opportunities in multifamily, student housing and active 55+ living. Its portfolio of over 8,500 student housing beds and over 2,000 multifamily units is located in Ohio, Pennsylvania, Mississippi, South Carolina and Texas. The corporate office is located in Columbus, Ohio.