NorthMarq arranges $12.5 million of joint venture equity for a to-be-built, 588-bed student housing property at Louisiana Tech University
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."
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
