Denver, Colorado (February 13, 2026)
Ascentris and Atlanta-based student housing owner and operator, Student Quarters, announced today the acquisition of Noble 2500, a 2023 vintage, 118-unit, 243-bed, purpose-built student housing property located in the West Campus submarket of Austin, TX. The acquisition marks the first joint venture between Ascentris and Student Quarters.
Located at 2500 San Gabriel Street, Noble 2500 sits five blocks west of The University of Texas at Austin and is within walking distance of the academic core, Greek housing, and The Drag, the University’s primary dining and nightlife corridor. The seven-story community features a low-density unit mix including studio, one-, two-, three-, and four-bedroom floor plans offering bed-to-bath parity, fully furnished units, balconies, in-unit washers and dryers, and luxury finishes.
Noble 2500 provides its residents with an amenity package that includes multiple study lounges, a courtyard pool, fitness center with yoga studio, rooftop sky lounge, and structured parking. The business plan includes common area upgrades to further strengthen the Property’s positioning within the submarket, as well as operational enhancements to improve leasing performance and elevate the resident experience. Student Quarters Property Management, an affiliate of Student Quarters and part of its vertically integrated operating platform, will provide property management services.
“Ascentris’ student housing strategy is to buy or develop Class A, campus-adjacent properties at Tier 1 universities, with best-in-class operators,” said Jeff Higgins, Managing Director at Ascentris. “With Noble 2500, we are acquiring a newly constructed, Class A asset at a discount to replacement cost, in one of the most institutional student housing markets in the country. We believe Noble 2500, under Student Quarters management, is well positioned to benefit from UT Austin’s strong enrollment growth and continued student demand for high-quality housing that is walkable to campus.”
Melanie Phelps, Senior Vice President of Acquisitions at Student Quarters, added “Student Quarters is enthusiastic to expand its footprint at the University of Texas at Austin with the acquisition of Noble 2500. The investment represents a unique opportunity to provide boutique-style living and best-in-class student accommodations in a pedestrian location within a market with compelling fundamentals and phenomenal tailwinds. The acquisition is an opportunity to break into one of the top student housing markets in the country and we are enthusiastic to be doing so through our new partnership with Ascentris.”
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 30 assets totaling nearly 13,000 beds at 22 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.
Visit www.livesq.com for more information.
About Ascentris
Ascentris is a real estate private equity firm based in Denver, Colorado that manages a series of fully discretionary institutional vehicles targeting both value-add and core investments across the major property types and geographic regions within the United States. Since 2003, Ascentris’ management team has relied on an investment philosophy and organizational structure for the purposes of getting its investors to opportunities ahead of the market and providing an unmatched level of service, transparency, and accountability. Ascentris is a privately held and management-owned SEC-registered[1] investment adviser that maintains an unwavering commitment to put its investors’ needs first.
Additional information is available at Ascentris.com.
[1] Being a registered Investment Advisor with the SEC does not imply any level of skill or training.
%20(1).avif)