$22M refinancing secured for The Preserve at Tech in Ruston, Louisiana

TAMPA, May. 2, 2025 – JLL Capital Markets announced today that it has arranged a $22 million financing of Preserve at Tech, a 588-bed, Class A student housing community serving Louisiana Tech University in Ruston, Louisiana.

JLL represented the borrower, RISE, in arranging the two-year, floating-rate loan through Prime Finance.

Completed in 2021, The Preserve at Tech features three- and four-bedroom floor plans across 168 units. The property offers high-end amenities including a resort-style pool, 24-hour clubhouse with computer lab, fitness center and gaming lounge. Located at 1913 W Alabama Ave., the community is less than a 10-minute walk from the Louisiana Tech University campus.

The Preserve at Tech benefits from its proximity to Louisiana Tech University, which has seen significant growth with total enrollment increasing 4% year-over-year to over 12,000 students. The university is particularly known for its strong STEM programs and holds prestigious R2 research university status.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Lee Weaver and Melissa Marcolini Quinn and Director Kenny Cutler and supported by Vice President Rob Rothaug and Associate Cristian Sieman.

"The Preserve at Tech represents an excellent opportunity in the growing Ruston student housing market," said Weaver. "RISE's expertise combined with the property's prime location and Louisiana Tech's expanding enrollment create a compelling investment."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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RISE: A Real Estate Company is a national leader in customized campus development with over 30 years of proven student housing and multi-family real estate experience. With expertise in green development, living-learning programming and a turnkey process, RISE has completed over 80 projects across 24 states, totaling more than 52,000 beds and $3 billion in value. The company crafts inviting and inspiring living spaces that cultivate lasting memories while delivering on-budget and on-time results for its higher education partners.

Prime Finance, founded in 2008, is a well-established private commercial real estate credit manager with over $12.8B of assets under management as of March 31, 2024. With investment teams in San Francisco, Chicago and New York, Prime Finance invests through multiple real estate credit strategies including originating floating rate non-recourse bridge loans, investing in special situations real estate-related capital structures and acquiring CMBS B-pieces. The company offers its private investment funds to qualified investors while striving to be a trusted partner to both investors and borrowers.