JLL Capital Markets has announced that it has closed the sale of CEV Ruston, a 120-unit / 432-bed student-housing community primarily serving the 11,000 students at Louisiana Tech University in Ruston, Louisiana, the USA.

JLL represented the seller, Timberline Real Estate Ventures and Briar Meads Capital acted as buyers of the asset. 1,349 sq ft CEV Ruston has furnished two and four-bedroom apartments with built-in washers and dryers, high-speed Internet access, separate bedrooms and work desks. CEV Ruston offers an all-inclusive package that includes a fitness center, group and private study rooms, a fully equipped computer center, an outdoor pool and a terrace. The student complex is a 10-minute walk from most academic buildings.

CEV Ruston is near the campus and Joe Aileth Stadium tiand the complex also attracts students from nearby Grambling State University.