Current President Denise Trauth announced her retirement in August of this year and will leave the post at the end of May.
The current residence is on campus and surrounded by student housing and academic buildings. The 2017-27 University Master Plan recommended repurposing the location into research or academic use, according to a press release.
“With a presidential transition underway, and in light of the university’s need for additional academic and research space on campus, this was a unique opportunity to acquire a residence that will serve the university for decades to come,” said Brian McCall, chancellor of the Texas State University system, in a statement.
McCall approved the purchase.
The new residence was built in 1972 and renovated in 2010. It is less than a mile away from the campus and sits on 2.7 acres of land. The home has 6,700 square feet of living space.
