McGrath Real Estate Partners announced that The Wyatt, its amenity-driven student housing community serving Texas Tech University students, has reached 100% occupancy ahead of the 2026-27 academic year, following a strong initial lease-up that reached 97.69% occupancy. The community reached 100% pre-leased in May, an early milestone in a historically late-leasing Lubbock market, and has maintained full occupancy while achieving 4.23% year-over-year rent growth with zero concessions.
The leasing performance comes as Texas Tech students prepare to return to campus, with The Wyatt now maintaining a waitlist for prospective residents seeking availability. The results reinforce demand for the community’s combination of location, quality residences and distinctive amenities, including its signature outdoor amphitheater.
Located at 5010 Auburn Street with convenient access to the Texas Tech campus via the university shuttle route, The Wyatt has quickly emerged as one of Lubbock’s most sought-after student housing communities. The strong leasing performance reflects growing demand for thoughtfully designed amenity-rich housing that blends academic support with an engaging lifestyle experience.
“Achieving full occupancy ahead of the academic year reflects the strength of both the Lubbock student housing market and the quality of the product we’ve delivered,” said Barrett Kirk, McGrath Real Estate Partners. “From its highly accessible location and thoughtfully designed residences to signature amenities like the outdoor amphitheater, The Wyatt offers a differentiated living experience that resonates with today’s students. Reaching a waitlist status is a strong validation of our vision to create a community that goes beyond traditional student housing.”
The Wyatt marks McGrath Real Estate Partners’ return to the Lubbock student housing market after successfully developing 25Twenty more than a decade ago. Following years of enrollment growth and limited new purpose-built student housing deliveries, McGrath Real Estate Partners strategically identified an opportunity to introduce a new amenity-driven community in a growing area of the city with excellent visibility from Loop 289 and direct access to campus transportation.
Offering fully furnished one- through five-bedroom apartments and townhomes, The Wyatt was designed to support every aspect of the student experience. Residences feature private bedrooms and bathrooms, open-concept kitchens with granite countertops, modern finishes, in-unit washers and dryers, electronic access, and built-in study areas in select floor plans. Square footages ranging from 570 square feet for one-bedroom units to 2,041 square feet for five-bedroom units.
One of the property’s signature features is its central courtyard and outdoor amphitheater, creating a unique gathering place for resident programming, live entertainment, movie nights and community events. A first, and only, in the market. The experiential outdoor space distinguishes The Wyatt from other student housing communities in the market and reinforces McGrath’s commitment to creating more than just apartments.
McGrath Real Estate Partners has developed or acquired more than $2 billion in commercial, multifamily and student housing communities throughout the United States. Headquartered in Houston, the firm specializes in multifamily, student housing and single-family lot development, creating communities that combine thoughtful design, strategic locations and long-term value.
