INVESTMENT HIGHLIGHTS
Premier West Campus Location
Sitting pedestrian to the northwest edge of The University of Texas at Austin (UT Austin) campus, Noble 2500’s location is irreplaceable and offers investors an extremely rare, infill investment opportunity next to campus
Low-Cost Provider
Noble 2500 is currently $127, on average, per bed below the comparable competition’s average market rents
Limited Parking Availability in West Campus Leads to Substantial Growth
Based on the proven demand and premium pricing achieved for parking in West Campus, Newmark projects that new ownership can substantially increase parking income by approximately 41% by Year 5
Tremendous Market Metrics with Healthy Growth Trajectory
Since the 2021-2022 academic year, the off-campus purpose-built student housing (PBSH) market has maintained an average occupancy of 96%, with average effective rents increasing by 25%, as reported by RealPage data
Strong Supply and Demand Fundamentals
RealPage data tracks 26,774 off-campus PBSH beds, alongside 7,400 on-campus beds, resulting in nearly 19,400 students in need of housing; over the last three years, the market saw 3,827 net beds added to the total off-campus supply while maintaining 96% average occupancy
Tier-1 University with Commitment to Future Growth
UT Austin, the state’s flagship university, is one of the largest institutions in the state and holds the #7 spot among the best public universities in the nation, climbing two positions from the previous year, according to the 2025 U.S. News & World Report
Record Enrollment and Application Trends
UT Austin enrolled 53,864 students for Fall 2024, reflecting a 1.5% increase over the previous year and marking the highest enrollment in the university’s history; as of December 2024, UT Austin received a record-breaking 90,562 applications for the 2025-2026 academic year, a 24.3% increase compared to the previous year
Exceptional Growth in a Leading U.S. Metropolitan Area with Booming Technology Sector
The Austin-Round Rock-San Marcos metropolitan area, the 26th largest in the U.S., is home to an estimated 2.5 million residents; between 2022 and 2023, the Austin MSA experienced the second-fastest growth among large metropolitan areas, following a 12-year streak as the fastest-growing MSA
