Thrive Thrive in Lubbock is a 744-bed/264-unit student housing community located at 210 N. Winston.

LUBBOCK, TX—Financing has been procured for the acquisition of Thrive in Lubbock, a garden-style student housing community located 2.5 miles from Texas Tech University’s academic core along the northwest shuttle route. The five-year 65% loan-to-cost floating-rate loan was provided by East West Bank and features three years of interest-only payments, along with an escrow for funding future improvements and no prepayment penalty.

Benjamin Roelke and Ian Walker with CBRE capital markets’ debt and structured finance team in Dallas arranged the financing for the second acquisition in a newly formed joint venture between TEXLA Housing Partners and a private equity real estate fund advised by Crow Holdings Capital.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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