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Nov. 26, 2012

Baton Rouge Student Housing Complexes Go On the Market

By Eliza Theiss, Associate Editor

Covington, LA-based Stirling Properties has placed on the market two Baton Rouge student housing complexes. The 268-unit Place du Plantier and the 446-unit Fairview View Apartments are part of a six-property student housing portfolio being sold by Heitman, a Chicago real estate management firm. According to the Greater Baton Rouge Business Report, Stirling Properties is also selling two student housing complexes in College Station near the Texas A&M campus and one student housing property near Purdue University in West Lafayette, Ind., all of them currently owned by Heitman.

According the Greater Baton Rouge Business Report, Stirling Properties will announce property prices after the Dec. 4 call for offers deadline expires. Reportedly, the properties are expected to generate interest from both local and national investors and will most likely be under contract by the time the new year rolls around.

Located on 2225 College Drive, the 446-unit Fairview View Apartments is just a few minutes from Louisiana State University, Southern University and Baton Rouge Community College. Built in 1972, units range between one-bed one-bath layouts and three-bed two-bath layouts with surfaces between 632 and 1331 square feet.

The 550 Lee Drive 268-unit Place du Plantier student apartment complex was also built 1972. Apartments range from one-bedroom one-and-a-half bath units to three-bedroom two-bath residences. Community amenities include a clubhouse, two swimming pools, a tennis court and a sand volleyball court, as well as an onsite laundry facility. The community offers 24-hour emergency management and online payment, while also allowing pets.  Some units feature sundecks, patios, balconies, walk-in closets, fully equipped kitchens as well as washer/dryers.

Photo courtesy of Fairview View Apartments’ Facebook page

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