Briar Meads Capital has acquired CEV Ruston, a 120-unit/432-bed student housing community primarily serving the 11,000 students at Louisiana Tech University in Ruston, La.
The seller was Timberline Real Estate Ventures, and the sales price was undisclosed.
Constructed in 2008, CEV Ruston features fully furnished two- and four-bedroom units with in-unit washers and dryers, high-speed internet, private bedrooms and desks, and an average size of 1,349 square feet. The units present an opportunity for value-add upgrades. The property also offers an all-inclusive amenity package that includes a fitness center, group and private study rooms, a fully equipped computer center and a beautiful outdoor swimming pool and deck.
Situated at 1812 W. Alabama Ave., CEV Ruston is immediately adjacent to campus and the Joe Ailet Stadium and within a 10-minute walk to most academic buildings. The community also attracts students from the nearby Grambling State University, which has
