Texas State is one of the most compelling student housing investment stories in the country right now. Texas State has large-scale demand for off-campus housing, with enrollment up to a school record and the university poised for further growth with a new STEM facility and major stadium renovation underway. Texas State enrolls over 40,000 students but has just over 10,000 on-campus beds, pushing the vast majority of students into the off-campus market in San Marcos every single leasing season. With institutional lenders and developers moving aggressively into this market, the demand fundamentals are well-validated – and Thompson is already here.

San Marcos is one of the most talked-about student housing markets in Texas right now. Texas State is described as one of the most exciting growth stories among large universities in the country, and the gap between enrollment and on-campus supply has made San Marcos a priority market for institutional student housing investment. Midway between Austin and San Antonio, the city’s location and the university’s trajectory make it a market with durable, long-term demand fundamentals.

Thompson is a purpose-built student housing community on Mill Street in San Marcos, offering Texas State students a high-quality off-campus living experience in a market that has become one of the most sought-after student housing destinations in Texas. With 528 beds across 132 units and a location that keeps residents connected to campus and the hill country character that makes San Marcos genuinely worth living in, Thompson delivers on what Bobcats are looking for.

Thompson is a 132-unit, 528-bed purpose-built student housing community serving Texas State University in San Marcos, Texas. Texas State has set enrollment records for 18 consecutive years with over 44,000 students and fewer than 10,000 on-campus beds, creating one of the most significant and persistent off-campus housing demand stories among large public universities in the country.