Seminole Financial Services announces today the closing of a preferred equity investment in the amount of $13.758 Million to fund the construction of a 179-unit (732-bed) purpose-built student housing community serving students at Louisiana State University (LSU) to be called Arlington Townhomes & Manors in Baton Rouge, Louisiana. The community will be situated on a 20-acre parcel in East Baton Rouge Parish, Louisiana, approximately 1.8 miles southeast of the southeastern edge of the LSU campus and 2.3 miles southeast of the academic center of LSU. The project will include cottage design style construction of varying sizes, including standalone cottages, duplex cottages and townhouses.
Originally opened in 1853, LSU is one of the few land-, sea- and space-grant universities in the country. The LSU system of colleges consists of nine institutions on eight campuses in five cities, with Baton Rouge being the school’s main campus.