300 W Parker Blvd, Baton Rouge, LA, 70808-4577, US

Flatiron - Student Housing

物件概要

Jones Lang LaSalle, Inc. is pleased to present the opportunity to acquire Flatiron, a newly constructed, trophy student housing property located steps from Louisiana State University, (“LSU”) in Baton Rouge, Louisiana.

A boutique-sized community that sets a new standard for purpose-built student housing in the LSU market, Flatiron contains 138 units and 293 beds featuring Studio, 1-bedroom, 4-bedroom and 5-bedroom floorplans. As the newest property in the market by more than 6 years, Flatiron is set to deliver in Summer 2023 with its first year in operation beginning Fall 2023. Currently 66% pre-leased as of March 2023, Flatiron is expected to stabilize at 95%+ occupancy in its first year of lease up. The interior units feature luxurious, modern finishes including quartz countertops, stainless steel appliances, 65” Smart TVs, private bathrooms and a modern furniture package.

The newest product in an obsolete student housing market, Flatiron distinguishes itself as a result of its unparalleled location adjacent to campus, notable retail within a 5-minute walk and the unsurpassed connectivity to the university and greater Baton Rouge.

Broker of Record: Greg Riera - 1431.A-ACT

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特性

ユニット数

138 単位

入居状況

66.00%

竣工年

2023

建物面積ネット

9,498 平方メートル

メディア

投資のハイライト

High-quality construction with market-leading amenities adjacent to LSU
Unrivaled positioning adjacent to campus and less than 0.25 miles from notable retailers including Walk Ons, Sonic, Pluckers, and more!
Unsurpassed connectivity to LSU and the greater Baton Rouge region via bus stops adjacent to campus
Tier 1 Research University with a record enrollment of 36,625 students enrolled as of Fall 2023
Obsolete student housing market with purpose-built off-campus and on-campus student properties averaging 16 years and 34 years of age, respectively
Only 6 Class A properties in the market averaging 97% occupancy with the newest property 6 years older and further from campus than Flatiron
Undersupplied student market with only 60% of the student body supported by purpose-built beds and no planned developments in the pipeline
Outstanding student housing fundamentals featuring 10.3% rent growth year-over-year