NorthMarq arranges $12.5 million of joint venture equity for a to-be-built, 588-bed student housing property at Louisiana Tech University
The Preserves at Tech
TAMPA, FLORIDA (March 5, 2020) – NorthMarq’s Tampa office collaborated with NorthMarq’s Orlando office to arrange $12.5 million in JV equity for The Preserves at Tech. The 588-bed student housing property will be located at 2003 West Alabama Avenue in Ruston, Louisiana.
“The Preserves at Tech will be a best-in-class luxury student property, raising the bar for the rest of the market."
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
