The Sterling

Transwestern’s National Student Housing Team is pleased to exclusively present the opportunity to acquire The Sterling, a 98-unit, 340-bed student housing asset located in Baton Rouge, Louisiana. The Property is optimally located across from Louisiana State University (LSU), which has been experiencing record enrollment attributed to it’s athletic and academic success. In addition to it’s strong LSU tenant base, The Sterling provides housing for students of Southern University, which is also experiencing record enrollment growth, as well as a shortage of student housing with no new housing developments in the immediate pipeline.

At 95% occupancy, The Sterling has strong existing cash flow, but also offers a very compelling value-add opportunity for investors through mark-to-market rental increases, continuation of interior upgrades, as well as community amenity enhancement.

The Baton Rouge student housing market is a top performer due to the city’s strong economic outlook and continued growth at both universities, creating a large pool of student renters and high demand for housing options geared to the student renter like The Sterling.

• Property Type : Multi-Family
• Listing Size : 133,446
• Stories : 6
• Typical Floor Size : 22,241