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301 Coolidge StLafayette, LA 70501
Cottage Landing
Asset ClassStudent Housing
# Beds189
# Units: 47Land: 4.1 AcresOccupancy: 96.47%Access Data Room
189-Bed 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 configurations. Each unit includes plank flooring, bed-to-bath parity, washer and dryer, and furniture. Located just over ¼ 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, the 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
96.47%
# Beds
189
# Units
47
Land
4.1 Acres
Year Built
2013
  • Leasing 11.22% ahead of market average for AY 24/25
  • Majority of market competition achieved 95%+ occupancy for AY 23/24
  • 96.47% occupied for AY 23/24
  • 80.43% preleased for AY 24/25 as of 6/3/2024
  • 6.3% YoY 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
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301 Coolidge StLafayette, LA 70501
University of Louisiana at Lafayette

Investment Advisors

Nicholas CoccodrilliSenior Investment Analysis Director | Florida Sales Associate(813) 605-4460nicholas.coccodrilli@colliers.com
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