PAOLI, PA — TSB Realty, LLC successfully completed the sale of Oakbrook Apartments, a 244-unit, 466-bed student housing community located near the Louisiana State University campus in Baton Rouge, Louisiana. Versity Investments purchased the property from an affiliate of RISE: A Real Estate Company.
“The combination of RISE’s outstanding management and commitment to recent renovations have kept Oakbrook at near 100% occupancy year-in and year-out in the competitive Baton Rouge market,” said Austin L. Repetto of TSB Realty. “Versity Investments and their affiliated property manager, Book & Ladder, are perfect to come in and continue to maximize Oakbrook’s earning potential and best serve LSU students.”
Extensively renovated in 2016 and 2017, Oakbrook Apartments offers a robust mix of student-centered floor plans and community amenities. All units feature updated finishes, such as granite countertops, stainless-steel appliances, vinyl plank wood flooring, base molding, and full-size washer and dryer. Oakbrook’s community amenities include a modern clubhouse and various lounges, two resort-style swimming pools, coffee bar, 24-hour fitness center, fitness-on-demand , 24-hour business center, and more.
Versity Investments is a real estate investment company located in Orange County, California, specializing in student housing and multifamily projects across the U.S. The company has grown to over $1.28 billion in managed real estate with over 1,300 investors and was ranked the 129th fastest-growing private companies in the U.S.
RISE: A Real Estate Company has over 26 years of on and off-campus student housing and multi-family development experience. RISE is committed to providing the highest quality services in the industry, backed by proven experience as developers, managers, builders, and investors.
TSB Realty is a full-service, national investment sales firm specializing in the valuation and disposition of student housing communities and conventional multifamily communities. Since inception in 2014, the Paoli, Pennsylvania-based firm has closed more than $5 billion in student housing sales for a diverse client base, encompassing more than 46,000 beds from tier 1 markets to tertiary markets.
