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301 Coolidge StLafayette, LA 70501
Cottage Landing
Asset ClassStudent Housing
# Beds189
# Units: 47Land: 4.1 AcresOccupancy: 98%Access Data Room
98% Occupied Student Housing Community Located 1/4 Mile from UL - Lafayette
overview of deal

Overview

Built in 2013, Cottage Landing is a cottage-style student housing community serving the University of Louisiana - Lafayette. The community features 47 units and 189 beds in three-, four-, and five-bedroom unit configurations. Each unit includes plank flooring, bed-to-bath parity, washer and dryer, and furniture. Located just over ΒΌ mile from the ULL main campus, Cottage Landing boasts units that are the largest in the market, with the three-bedroom offering nearly 100 SF per bedroom of additional space compared to the market average, four bedroom nearly 50 SF per bedroom above the market average, and the five-bedroom

50 SF per bedroom above the only competitor.

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Investment Highlights

Occupancy
98%
# Beds
189
# Units
47
Land
4.1 Acres
Year Built
2013

 

  • Current ownership has spent nearly $65,000 in recent capital expenditures
  • 98% occupied for AY 24/25
  • 96.74% preleased for AY 25/26 as of February 2025
  • Three consecutive years of enrollment growth at UL - Lafayette
  • UL- Lafayette is the 2nd largest university in Louisiana
  • Largest floorplans in the market, only cottage-style student housing community

Table Information

Investment Summary
Address
301 Coolidge Street, Lafayette, LA 70501
Units
47
Beds
189
Year Built
2013
Land Area
4.1 acres
Distance to Campus
0.27 miles
Avg. Unit Size
1,792 SF
Zoning
Residential
Occupancy AY 24/25
98%
Prelease AY 25/26
96.74%
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301 Coolidge StLafayette, LA 70501
University of Louisiana at Lafayette
Lafayette Regional Airport
Atchafalaya National Wildlife Refuge
Baton Rouge

Investment Advisors

Greg YoungSenior Vice President(346) 547-4896greg.young@colliers.com
David CortezVP, Transaction(346) 547-4830david.cortez@colliers.com
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Listing provided by Revere CRE