The Element at University Park
Location: 4475 Carter Creek Pkwy, Bryan, Texas - 77802
Year Built: 2000 & 2008
Seller: Aspen Square Management
Acquisition Date: May 11, 2020
Investment & Highlights
The Element at University Park is strategically located approximately a mile away from the second-largest university in the United States, Texas A&M University, with over 67,500 student enrollments. In addition, the property is surrounded by popular retail and restaurants. Texas A&M University has grown 38 percent in the last ten years and has added, on average, over 1,250 new students every year.
College Station holds an average employment rate increase of 2.7% over the past five years as compared to the national average of 1.7%. In addition, the median household income has grown more than 80% since 2000.
There are over 55,000 students enrolled at Texas A&M University living off-campus. Since 2000, the percentage of students enrolled that are living off-campus has steadily increased, reaching 83% as of 2018.