NorthMarq Arranges $12.5 Million Financing for 588-Bed Development Near Louisiana Tech University

by Katie Sloan

Ruston, La. — NorthMarq has secured $12.5 million in joint venture equity for the development of The Preserves at Tech. Lee Weaver and Bill Hardman of NorthMarq secured financing on behalf of an undisclosed developer. The 588-bed student housing community will be located at 2003 West Alabama Ave. in Ruston, Louisiana. Further details on the property, including a timeline for development, were undisclosed.

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