Saturday, January 7, 2023

JLL Capital Markets closes sale of the 120-unit / 432-bed CEV Ruston student housing community at Louisiana Tech University in Ruston, LA

 

Teddy Leatherman

CHICAGO, IL JLL Capital Markets announced that it has closed the sale of CEV Ruston, a 120-unit / 432-bed student-housing community primarily serving the 11,000 students at Louisiana Tech University in Ruston, Louisiana. The price was not disclosed.

 

Scott Clifton
JLL represented the seller, Timberline Real Estate Ventures, and Briar Meads Capital acquired the asset.


The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Directors Scott Clifton, Stewart Hayes and Teddy Leatherman, Associate Kevin Kazlow and Analyst Jack Goldberger.

 

Constructed in 2008, CEV Ruston features fully furnished two- and four-bedroom units with in-unit washers and dryers, high-speed internet, private bedrooms and desks and an average size of 1,349 square feet.

Stewart Hayes

The units present an opportunity for value-add upgrades. The property also offers an all-inclusive amenity package that includes a fitness center, group and private study rooms, a fully equipped computer center and a beautiful outdoor swimming pool and deck.

 

Situated at 1812 W. Alabama Ave., CEV Ruston is immediately adjacent to campus and the Joe Ailet Stadium and within a 10-minute walk to most academic buildings.

 

The community also attracts students from the nearby Grambling State University, which has gained national recognition as graduating the highest number of diverse students in STEM programs.


Kevin Kazlow
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization.

 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.


Jack Goldberger
For more news, videos and research resources on JLL, please visit our newsroom.

 

 CONTACT

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

 

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