Houston-Based McGrath Real Estate Partners Announces The Saltus, a Premier Student Housing Community in Lubbock, Texas

Houston, TX – March 14, 2023 – McGrath Real Estate Partners, a Houston-based leader in student and multifamily development, is proud to announce The Saltus, a Class A student housing community in Lubbock, Texas. The development is named after Thomas Saltus Lubbock, the city's namesake, and a prominent figure in Texas history. The development will provide comfortable living spaces for students attending Texas Tech University and will feature a variety of floorplans. The anticipated delivery of this premier development is Fall of 2025.

"The Saltus is an exciting addition to our portfolio, and we're thrilled to bring this development to Lubbock," said Michael S. McGrath, President & CEO of McGrath Real Estate Partners. "We're committed to providing students with high-quality, comfortable living spaces that meet their needs and enhance their college experience."

The Saltus will be located on the newly expanded Auburn Street, between Slide Road and Winston Avenue in Lubbock. The location is conveniently located on the Citibus purple route, providing easy access to the university, which is less than seven minutes away.

The development will offer nine unique floor plans, ranging from one- to five-bedroom units with sizes ranging from 559SF to 2,025SF. Each unit will be equipped with modern finishes, including granite countertops, stainless steel appliances, and full-size washer and dryers.

The Saltus will feature a variety of community amenities, including a resort-style pool, poolside cabanas, and outdoor recreational activities such as table tennis, two pickleball courts, a dog park, corn hole area, and an outdoor amphitheater. Additionally, the outdoor deck will have oversized TVs and grilling terraces for residents to enjoy.

McGrath Real Estate Partners has a proven track record of developing high-quality student housing communities that provide enjoyable and convenient living spaces for students. The company is excited to bring The Saltus to Lubbock and provide a top tier living experience for Texas Tech University students.

For more information about The Saltus and McGrath Real Estate Partners, visit www.mcgrathrep.com.

Contact:

Barrett Kirk

McGrath Real Estate Partners

(713) 268-5150

bkirk@mcgrathrep.com

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