JLL closes sale of Mississippi student housing community

CHICAGO, January 15, 2020 – JLL Capital Markets announced today that it has closed the sale of Lakeside Student Living, an award-winning, 504-bed, purpose-built student housing community serving students of Mississippi State University in Starkville.

JLL marketed the portfolio exclusively on behalf of the seller to an undisclosed buyer.

Lakeside Student Living is located at 1300 Old Highway 12 along a vast stretch of lakefront less than five miles southwest of campus. Completed in 2006, the community comprises a mix of studio, one-, two- and four-bedroom layouts averaging 1,068 square feet along with 505 parking spaces. In addition to scenic waterfront views, the community also offers a wide variety of community and in-unit amenities, including a comprehensive fitness complex, pool, volleyball court, hammock beach, computer lab, private study lounges, in-unit laundry rooms, fully furnished living spaces and 100% bed-bath parity in all units. The property is 98% occupied for the current semester.

The JLL Capital Markets investment advisory team representing the seller included Directors Scott Clifton and Stewart Hayes along with Senior Managing Director Barry Brown.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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