VALUE ADDED BY INTERWEST CAPITAL
Interwest’s acquisition proved to be very intricate and necessitated a delicate balance between financial, legal, and operational aspects. Originally Woodlands of College Station was built as 557 apartments and condominiums (Interwest purchased the remaining developer-owned units). The property has a well-organized home owners association to ensure that both the apartments and condominiums contribute equitably to the shared facilities and general property maintenance. Besides deciphering the multiple sets of books, understanding the property’s home owners association and shared facilities proved to be one of the more difficult aspects of the purchase. The property will continue to be leased on a by-the-bed basis.
1725 Harvey Mitchell Parkway, College Station, TX 77840
904 Beds/330 Units
Built in 2007 and 2008, the student housing community is located 1.25 miles from Texas A&M University. The property benefits from Texas A&M’s 50,000 graduate and undergraduate students and from Blinn College’s student population where nearly 65% of students transfer to Texas A&M.