San Marcos, TX – January 2026 – Centurion Property Group announces the acquisition of The ARBA, a 748-bed, purpose-built student housing community serving students at Texas State University in San Marcos, Texas.
The ARBA is a Class A student housing asset comprised of 240 units across four residential buildings. Developed in 2014, the property features a mix of two-, three-, and four-bedroom floor plans designed to meet the needs of today’s student renter. The community offers a robust amenity package, including a resort-style pool, modern fitness center, clubhouse, dedicated study spaces, pickleball courts, and a sand volleyball court.
The transaction was brokered by JLL. Financial terms of the acquisition were not disclosed.
Following the acquisition, Centurion plans to implement a targeted capital improvement and operational strategy focused on enhancing unit interiors, upgrading common areas, and optimizing leasing and revenue management. The ARBA will be managed by Centurion’s in-house management platform, Centuride Management, allowing for direct oversight and execution of the business plan.
With this acquisition, Centurion expands its student housing platform to 10 properties totaling over 6,100 beds across key U.S. university markets. This milestone reinforces the firm’s long-term strategy of acquiring high-quality assets with durable demand fundamentals and meaningful operational upside.