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Mustang Village

Mustang Village


Wichita Fall, TX

Type and Size

Property Summary

Mustang Village is a Class A student housing complex consisting of 504 beds in Wichita Falls, TX. The property was acquired in 2013 by Calidus and is property managed by The Preiss Company. The property is 1.2 miles from the Midwestern State campus.

Student Housing
504 beds

Investment Narrative

In 2013, Calidus acquired four properties from Campus Crest, a former student housing REIT at an attractive cost basis. At the time of acquisition, the properties were underperforming and required capital improvements, a focused management strategy, and a rebranding resulting in "American Student Housing". In January 2024, the portfolio was refinanced.

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