The Office of Student Housing has assumed management of University Village, a 420-bed residence complex for juniors, seniors, and graduate students featuring two and four bedroom apartment-style suites with private baths and a resort-style swimming pool.
Debra Gentry, associate dean of students and executive director of University Housing, said the acquisition of the property brings the total number of residential beds to 1,380.
"UALR Housing offers everything from single private rooms to four-room apartments, based on seniority," she said.
The university purchased the newest residence complex from an out-of-state corporation that operated it as Coleman Place.
UALR extended an already existing revenue bond issue to make the $14.7 million purchase.
Rents from the apartments will service the bonds.
Current residents who are UALR students will be eligible to renew their leases through the university.
Leases for non-students living in the complex will not be renewed.
Some students from surrounding colleges may be allowed to reside in the complex for up to one year, governed by UALR Housing rules.
"By May 2013, all residents at University Village will be UALR students," Gentry said.
Two UALR police officers will move into two of the apartments to add to security and a UALR patrol car will be on on site nightly.
"The parking lot is fenced and gated and we are installing several emergency blue lights," she said.
In addition to the pool, University Village offers an exercise room, game room with pool table, and cyber cafe.
The village also is a stop on the maroon line of the Trojan Trolley.
Interested students should contact UALR Housing at 501-661-1743 or email firstname.lastname@example.org.