Texas Luxury Student Dorm Financed by Bonds Falls Deeper Into Distress
- The 3,400-bed complex boasts resort-style pools and clubhouse
- Colleges have privatized housing projects to avoid risk
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A massive luxury student housing complex in Texas is still showing signs of financial strain.
NCCD-College Station Properties LLC failed to make a complete payment due July 1 for bonds issued to build the complex near the Texas A&M University campus in College Station, according to a regulatory filing.