Newsome Development Sells 134-Bed Student Housing Property Near Baylor University

Waco, Texas — Newsome Development and Investments has sold 11th Street Flats, a 134-bed student housing property located near Baylor University in Waco. Teddy Leatherman, Stewart Hayes and Scott Clifton of JLL represented the seller in the disposition of the property to Waterway Family Funds. The community was constructed in 2015 and offers 45 units in a mix of two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a fitness center, study lounge and deck with campus views. The property is fully leased to Baylor University through fall 2024. Situated at 1722 S. 11th St., the community is located 0.3 miles from campus and 1.9 miles from the university’s McLane Football Stadium.