Texan Villas

Texan Villas

Stephenville, Texas
Student
2024
Texan Villas

Challenges

  • The leasing launch was delayed by about a month after renewals had already begun due to ongoing clubhouse construction and the absence of an off-site leasing office.
  • Stephenville boasts a large shadow market due to budget-constraints and proximity to campus.
  • Competing apartment community offered a more desirable location with established amenities, better views, and closer proximity to the university.
  • Higher pricing and extraneous costs (i.e. parking) which are uncommon in the market created objections.

Our Approach

  • Established relationships at student hotspots in the local community to use as mobile leasing spaces and marketing opportunities while the clubhouse office was delayed.
  • Utilized compelling marketing messaging to tap into core emotions like urgency and exclusivity to drive consistent leasing numbers week over week, achieving 50% within the first month.
  • Implemented early community-building initiatives to foster a sense of belonging among residents, such as social events, resident meet-and-greets, and online forums.
  • Leveraged value propositions of a new product to offset the location disadvantage and compete with properties offering superior locations.
  • Fostered a lifestyle centric brand that relied on the energy and engagement of our staff as the driving force for our branding and overall sales point for the property.
Texan Villas
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Texan Villas

The Results

Leasing Success & Market Performance:
  • Leased up Texan Villas in 4 months, after a late November launch.
  • Strong Pre-Leasing Strategy: Texan Villas Apartments secured 69 leases within the first two weeks using only marketing materials, and launching an event at a local restaurant.
  • Texan Villas was the first property to reach 100% leased in the market.
Resident Engagement & Retention:
  • Local events consistently attracted high engagement, reinforcing the community feel.
  • A lifestyle focused social media presence created fast brand recognition and focus on Greek life outreach allowed for sustained group leasing efforts.
Staffing Impact:
  • Brought in a high-impact Lease Up Specialist who was able to efficiently hire and train a local team to outperform expected results.
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