Carter Refocuses Upcoming Investments on Student Housing

Atlanta — Project at ULL part of streamlined core businesses.

CARTER-WEB-Univ-of-Louisiana-Lafayette-student-housing ext-06-CColin-GouldThe Rose Garden and Taft/Tulane communities are expected to increase ULL's housing capacity.Atlanta — Carter has announced that student housing will be a key component of a retooled $500 million investment focus.

 

The development and investment firm sold two business lines, property management and brokerage, earlier this year to St. Louis-based Cassidy Turley. With those two groups complete, the four remaining core areas include student housing.

 

Carter’s Higher Education and Campus Innovation Team is currently leading a $100 million, 2,000-bed program at the University of Louisiana-Lafayette.

 

The multi-phased project consists of renovation, design, construction and expansion of the university's existing student housing in the Rose Garden and Taft/Tulane communities. All phases are scheduled to be complete by 2012.

 

The multi-phased project consists of renovation, design, construction and expansion of the University’s existing student housing inventory in the Rose Garden and Taft/Tulane communities. The project will comprise 2,000 new beds and approximately 1,000 spaces of structured parking. All phases are scheduled to be completed by August 2012.

 

Carter is known for two Midtown Atlanta skyscrapers as well as for developing The Banks, a $600 million mixed-use project on the Ohio River in downtown Cincinnati. The company was founded in 1958.

 

- Lynn Peisner

More News