CBRE Arranges Sale of 1,005-Bed Community Near Texas Tech University

Lubbock, Texas — CBRE has arranged the sale of Wildwood of Lubbock, a 1,005-bed student housing community located near Texas Tech University in Lubbock.

The garden-style community is comprised of 25 buildings totaling 470,700 square feet. Shared amenities include a three-tiered swimming pool with cabanas and a swim-up bar; a pool-side fire pit; 24-hour fitness center with space for circuit training, outdoor fitness, a video classroom and a cardio suite; 24-hour study areas; a cyber café; gaming rooms; a full basketball court; volleyball courts; and fenced pet parks.

A private real estate fund advised by Dallas-based Crow Holdings Capital-Real Estate purchased the asset for an undisclosed price. CBRE’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer arranged the transaction on behalf of the seller, Dovetail Development.