US - Jacksonville, FL
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