Summary:
- Monument Square Investment Group acquired all 127 lots of D.R. Horton’s University Grove student housing community in Baton Rouge, finalising the deal through a $22.8 million loan despite sales documents listing a nominal $10 purchase price.
- University Grove, completed in 2024, consists of cottage-style homes with three-bedroom floor plans designed to serve the student housing market near Nicholson Drive.
- D.R. Horton initially bought the land from developer Art Lancaster for $7.1 million earlier in 2024, with the project receiving Planning Commission approval in 2021, marking a rapid development and ownership transition within the student housing sector.
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