Tarleton acquires Bosque Crossing

Image
Body

Tarleton State University has finalized the purchase of the Bosque Crossing Apartments, within walking distance from the Stephenville campus across West Vanderbilt Street.

Approved by The Texas A&M University System Board of Regents earlier this year, the 173-unit oneand two-bedroom complex with covered parking will increase housing options for graduate students as well as students with families, those who need to remain on campus throughout their academic experience, and those with specific medical needs.

Funding — $19 million plus closing costs — comes from the issuance of bonds through the A&M System, to be repaid from Tarleton housing revenue.

Tarleton’s current apartment-style living makes up only 10 percent of housing inventory, with less than 1 percent being one- and two-bedroom units. A 6 percent growth in fall 2020 enrollment forced the university to lease offcampus bed spaces and explore hotel room rentals.

Sitting on almost three acres, the Bosque Crossing was built in 2005 and renovated in 2018. The complex includes fitness and business centers, a clubhouse and pool, and a courtyard. Current occupancy is 95 percent.

—submitted