Peregrine Land Investments I, LP Completes Assemblage Near San Marcos, TX, Securing Second Asset
AUSTIN, TX – Peregrine Land Investments (“Peregrine”) today announced the successful assemblage of 330 acres near San Marcos, Texas, representing the second asset acquired by Peregrine Land Investments I, LP (“Fund I”). The property—purchased through two separate transactions in November and December 2024—encompasses land off Scull Road near the Martindale ETJ in Guadalupe County, and is served by the San Marcos Consolidated ISD.
San Marcos ranks among the top five fastest-growing college towns in the United States, according to a recent report by Broke Scholar. With a population projected to surpass 86,000 by 2030, the area has become a focal point for residential and commercial development along the bustling I-35 corridor between Austin and San Antonio. This 330-acre assemblage is well-positioned to benefit from the region’s robust growth drivers, particularly the continued expansion of Texas State University and surrounding employment centers.
“The I-35 corridor is experiencing exceptional growth, and San Marcos has emerged as one of the nation’s fastest-growing college towns,” said Noah Pape, one of Peregrine’s Founding Partners. “By assembling these parcels into a single 330-acre site, Fund I now holds a strategic property that can readily accommodate future development. We are pleased with the value we have unlocked through this assemblage and look forward to working with builders, developers, and local stakeholders to help address the region’s urgent demand for new housing.”
Peregrine Land Investments I, LP was launched in October 2023 to identify and acquire pre-development land in high-growth areas, offering builders and developers well-located sites without tying up their balance sheets. The firm’s founding team—Tim Riley, Carlotta McLean, Stormey Barton, and Pape—combines decades of real estate and investment experience with a machine learning–driven underwriting process, enabling Peregrine to move decisively on opportunities that align with its systematic approach.
About Peregrine Land Investments
Peregrine Land Investments is a private real estate investment firm based in Austin, TX, with approximately $79 million in assets under management. Through Fund I, the firm employs a systematic, technology-driven approach—utilizing machine learning and rigorous underwriting processes—to identify, acquire, and entitle strategically located land assets. Peregrine’s mission is to create long-term value for investors by engineering dynamic systems that anchor resilient investment strategies. The firm upholds its core values of Analytical Rigor, Entrepreneurial Creativity, and Principled Stewardship to set the standard for innovation in real estate investing.
For more information, please visit: www.peregrineland.com
Media Contact:
Peregrine Land Investments
1100 W 6th St, Austin, TX 78703
Email: info@peregrineland.com
Disclaimer: This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offers to sell or solicitations of offers to buy securities will be made solely to qualified investors pursuant to separate offering materials.