Back Naples, Fla. – October 12, 2021 – Halstatt Real Estate Partners, a real estate private equity firm, is experiencing increased demand across its entire student housing portfolio. The portfolio consists of three assets with 2,079 student housing beds.
The Legacy at Baton Rouge
Halstatt’s property formerly known as The Exchange at Baton Rouge recently rebranded and will now be called The Legacy at Baton Rouge. The property is 100% occupied and is already seeing strong demand for Fall 2022 preleasing. The community features 299 units with 898 bedrooms as well as luxury amenities including a gym, study room, and three resort style pools. For this project, Halstatt provided equity and partnered with Landmark Properties, one of the premier developers, owners, and operators of student housing in the country.
Located just a mile and a half off campus at Louisiana State University, The Legacy at Baton Rouge has a 1:1 ratio of bathrooms to bedrooms, and is conveniently located off of Burbank Drive and is surrounded by numerous dining and retail establishments.
The Henry
Halstatt’s purpose-built student housing complex, The Henry, recently opened at 100% occupancy to commence its inaugural year. Halstatt collaborated with Development Ventures Group and InTown Group to build the 23-story tower which includes 188-units for a total of 537 beds, a dedicated parking deck, and premium amenities to maximize the student lifestyle.
Located at the corner of Tyler Street and Ashley Drive, the tower provides an array of floorplans from one-, two-, and four-bedroom furnished units featuring apartment-style kitchens and in-unit washers and dryers. The seventh floor includes a dedicated collaboration space with a clubroom and lounge, coffee bar, gaming area, and fitness center. Outdoor amenities include a sculpture garden with a fire pit, gas grills, and a roof-top swimming pool. The building overlooks the University of Tampa’s Campus, Tampa’s Museum District, and the Tampa Riverwalk. In addition, the property incorporates approximately 2,000 square feet of retail space, 439 parking spaces.
UnionWest at Creative Village
Halstatt’s first purpose-built student housing project, UnionWest at Creative Village, opened in the Fall of 2019. The property weathered the pandemic better than expected with many students staying on campus to take classes online. For this project, Halstatt provided equity and partnered with Development Ventures Group and Ustler Development to create the 15-story building with 644 student housing beds, more than 100,000 square feet of academic space, 11,000 square feet of street-level retail, and a 600-space parking garage.
Located at the corner of W. Livingston Street and N. Terry Avenue, the asset is part of Creative Village, a $1.5 billion mixed-use master redevelopment project. The high quality, sustainable neighborhood will feature a dynamic mix of uses with urban amenities such as restaurants, entertainment, art, parks, and open spaces. Five of the six ground-floor retail locations in the building are fully leased and operational including Vera Asian, Addition Financial, Subway, Dunkin’ and Qdoba Mexican Grill. The student housing project opened in the fall of 2019 and remains stabilized today at above 95% occupancy.
Halstatt Real Estate Partners identifies value add and opportunistic real estate projects throughout Florida, the Southeast U.S., and Texas. The company partners with qualified sponsors to develop and implement a strategic business and capital improvement plan to maximize demand driven development opportunities.
