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CALL FOR OFFERS: TUESDAY, OCTOBER 24, 2023
Debt Feedback Now Available: Contact Chip Sykes at chip.sykes@jll.com
LSU Announces another Record Breaking Year
 
On September 18th, LSU announced another back-to-back year of record breaking enrollment welcoming 39,419 students to campus for the Fall 2023 semester. Largely led by the largest Freshman class in history with just under 7,500 students, LSU is also celebrating its most academically accomplished Freshman class with a record-high GPA of 3.82 and 26.5 ACT score.  Additionally, the University reported improved retention rates increasing to 84%, up 50 bps from this time last year.
 
Year after year, LSU has boasted record-breaking Freshman enrollment, which has put challenges on the university in terms of dorm structure and increased demand on infrastructure in the community. As it stands, all full-time, first-year students are required to live in on-campus housing for their first two semesters. At the press release on Monday, September 18th, President William F. Tate IV stated “I don’t know what will happen next year. The demand will remain high…But we will have to change our dorm structure. There’s a lot of things that have to happen, and I don’t think the trajectory right now with our faculty size is sustainable.” (LSU Reveille).
 
With LSU enrolling an additional 2,000 students to campus this Fall, only 65% of the LSU students are supported by on- and off-campus beds marking a 4% decline year-over-year and putting further pressure on the student housing market to support the expanding university.
 
Fall 2023 Record Enrollment by Level:
  • Undergraduate enrollment 32,666; previous record 31,059 in Fall 2022
  • Graduate enrollment 6,753; previous record 6,528 in Fall 2021
  • Total enrollment 39,419; previous record 37,354 in Fall 2022
 
OFFERING SUMMARY
 
Jones Lang LaSalle, Inc is pleased to present the opportunity to acquire The Retreat at Brightside, a highly amenitized, 96.3% leased asset with 244 units and 436 beds at Louisiana State University. Well-located 1.60 miles from campus along Brightside Drive, the Property is steps away from the Tiger Trails bus line providing residents with access to campus and downtown Baton Rouge within 10-minutes time.
INVESTMENT HIGHLIGHTS
 
LOCATION OVERVIEW
 
INVESTMENT ADVISORY CONTACTS
 
TEDDY LEATHERMAN
Managing Director
503.260.4402
SCOTT CLIFTON
Managing Director
847.767.3980
KEVIN KAZLOW
Director
201.788.7537
STEVEN HAHN, JR.
Managing Director
214.692.1472
ART BARNES
Senior Director
214.438.6351
ANALYTICAL SUPPORT                                                                       DEBT CONTACT
 
DANIELLE RICE
Senior Analyst
817.888.1701
HOPE BRUNNER
Analyst
832.341.7099
CHIP SYKES
Managing Director
404.942.3196

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