McGrath completes lease-up of 736-bed Lubbock student housing

McGrath Real Estate completed lease-up of The Wyatt, a 736-bed student housing project near Texas Tech University in Lubbock, Texas, REBusiness Online reported Oct. 23.

The Wyatt is 100% occupied, according to the report. Units run from one to five bedrooms and 570 to 2,041 square feet. Amenities include a pool, pickleball courts, coworking space and campus shuttle.

For allocators, the key question after lease-up is demand concentration: all 736 beds rely on one university. Rents, concessions and financing terms were not disclosed, so the cost of reaching full occupancy is unclear.