The Quarters

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present The Quarters Lafayette (the “Property” or “The Quarters”), a 575-bed, student living community located within a 12-minute walk from the University of Louisiana at Lafayette (“ULL” or “UL Lafayette”). The Property is strategically located within the sought after and Historically Designated Freetown Port Rico neighborhood of Lafayette. Freetown Port Rico is viewed as the nexus between UL’s campus and Lafayette’s beautiful downtown. The location offers residents immediate access to campus and downtown Lafayette’s restaurants, shopping, and nightlife. As a result, The Quarters has historically outperformed the market in terms of occupancy and preleasing. The Property is 99% occupied for the 24/25 AY and 89% preleased as of March 24th for the 25/26 AY while achieving 4% rent growth.

Further, the purpose-built, student housing market consists of 3,125 beds across 7 properties, which represents just 16% of the 19,213 students enrolled for Fall 2024. With zero beds under construction or in the planning stages of development, The Quarters will continue to be a leading housing choice for students at ULL.

In addition, ULL welcomed 3,064 first-time freshmen in Fall 2024 - tied for the second largest class in history - and total enrollment increased 2% YoY. Increasing enrollment, strong market reputation and among the most desirable location in the market will support The Quarters’ outperformance in the years to come.