Multifamily news in Deals - New Orleans
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Baton Rouge Properties Trade for $27M
Timberline Capital purchased Copper Ridge and Magnolia Trace, two properties in Louisiana totaling 559 units. Berkadia arranged acquisition financing on behalf of the buyer.
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Elevation Financial Sells Baton Rouge, LA, Community for $16M
Following the 2016 acquisition of the asset, Elevation invested $3.8 million in a thorough renovation which included the restoration of 160 units and rebuilding of 10 units.
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Carter Multifamily Invests $29M in Suburban New Orleans
The company will implement a thorough renovation project at the community, which is situated in one of the metro's top performing school districts.
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Berkadia Facilitates $56M Portfolio Sale in New Orleans
The two communities are located within three miles of one another, just south of downtown New Orleans and the French Quarter.
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Audubon Communities Grabs New Orleans Portfolio
The new owner plans to invest more than $4 million in upgrades on the four properties, which opened between 1969 and 1974.
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AVR Realty Sells $250M Portfolio
El-Ad National Properties acquired the nine-property portfolio consisting of pet-friendly communities in Lafayette, Shreveport and Slidell, La., totaling 2,079 units.
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Bellwether Enterprise Closes $31M Loan for Affordable Housing in New Orleans
Village of Versailles will feature 400 affordable units by the end of 2017, restoring some of the housing stock lost during Hurricane Katrina.
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Dougherty Mortgage Closes $29M Loan for New Orleans Community
Dougherty Mortgage recently closed a $29 million refinancing loan for Calypso Bay, a 280-unit multifamily community in NOLA.
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Preston Hollow Capital Provides Loan for Senior Community in Louisiana
Preston Hollow Capital with the Louisiana Public Facilities Authority completed a loan worth nearly $30 million for the assisted living and memory care facility Inspired Living at Kenner.