SAN MARCOS, TX - Henderson Park, the international private equity real estate manager with US headquarters in Charleston, South Carolina and Student Quarters, an Atlanta-based investment manager and operator of purpose-built student housing properties, have acquired The Thompson, a 528-bed, 132-unit garden style student housing community located in San Marcos, Texas serving Texas State University.
Built in 2013, The Thompson spans 10 acres and features 132 units across 11 three-story buildings, offering four-bedroom, four-bathroom townhomes and flats. The property also includes two non-residential buildings, a clubhouse and an amenity center, designed to enhance the student living experience.
The community boasts a wide range of amenities tailored to meet the needs of students, including a beach-entry pool, outdoor pavilion for live music, fitness center, study center with private study rooms, as well as volleyball and basketball courts and 550 parking spaces.
Strategically located less than half a mile from Texas State University, The Thompson provides convenient access to campus in less than 10 minutes by bike, car or university shuttle, which stops directly outside the property. San Marcos, which sits along the I-35 corridor between Austin (30 miles north) and San Antonio (50 miles south), is a high-growth student housing market with strong fundamentals. According to Texas State University, there were nearly 42,000 students recorded at the San Marcos Texas State campus for Fall 2025. The university market has experienced 17% growth in enrollment since 2021.
Henderson Park and Student Quarters plan to invest in operational and experiential upgrades in both the units and amenities at The Thompson, further enhancing its appeal to students and strengthening its position in the market. The property will be managed by Student Quarters, a leading student housing owner and operator with over 12,000 beds under management.
Nick Weber, CEO and Founder of Henderson Park, commented: “This acquisition of The Thompson represents Henderson Park’s entry into the Texas market. We have identified a clear appetite for high-quality, purpose-built accommodation in this growing university city. We look forward to working with Student Quarters to deliver best-in-class student product that taps into the strong student housing market in San Marcos.”
Andy Feinour, CEO and Founder of Student Quarters, added: “The Thompson represents a tremendous value-add opportunity with an extensive capex and operational improvement business plan. The investment will provide a great living environment for the residents and position The Thompson as a top student housing property in the Texas State University market. This acquisition expands SQ’s portfolio in Texas and we are excited for what the new partnership with Henderson Park will bring in 2026.”
CBRE served as the sales and debt broker for the transaction.
About Henderson Park: Henderson Park is a leading international private equity real estate fund manager. Since its formation in 2016, the firm has invested over $14 billion in building a portfolio of flagship real estate assets, with a presence in major cities and capitals in the United States, UK, France, Germany, Greece, Ireland, Italy, Poland, Portugal, and Spain. Henderson Park seeks high quality assets in prime locations where it can identify the potential for unlocking or creating value through asset management and sustainability improvements, or by taking on and working in complex situations. The company’s current portfolio is diversified across various sectors such as multifamily, hospitality, student housing, logistics, office and retail, including several real estate development projects. Henderson Park strives to work and build long-term strategic relationships with the best local partners. Henderson Park US headquarters office is in Charleston, SC.
About Student Quarters: Student Quarters is one of the leading owner/operators of purpose-built, campus-adjacent student housing properties in the US. Student Quarter’s current portfolio comprises 29 assets totaling nearly 13,000 beds at 21 campuses. Student Quarters consistently ranks as one of the top 20 owners of student housing in the United States and continues to be one of the most active and vertically integrated operators in the industry. Student Quarters has received numerous industry awards, recently recognized as a NAA Top Employer and” Best Place to Work,” and “Healthiest Employer” by the Atlanta Business Chronicle.