Multifamily news in New Orleans
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Affordable New Orleans OZ Project Lands Financing
Walker & Dunlop secured the funding through Freddie Mac for the 150-unit development.
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Luxury High-Rise Opens in New Orleans
Provident Realty Advisors has tapped CF Real Estate Services to manage the 330-unit community near the French Quarter.
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New Orleans Community Lands Fannie Mae Refi
The $7.7 million financing will be used to retire an existing debt taken out in 2013.
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New Orleans Project Completes Transformation
The development was flooded by Hurricane Katrina and later revamped into a mixed-use, mixed-income property.
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Baton Rouge Community Sells for $21M
The 184-unit Live Oaks Apartment Homes landed a $15.4 million Fannie Mae Green Rewards acquisition loan.
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Carter Multifamily Acquires Louisiana Asset for $35M
Completed last year, the 288-unit Reagan Crossing is located west of Covington’s main commercial intersection.
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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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Domain Cos. Breaks Ground on 29-Story Tower in New Orleans
The developer tapped several financing partners for the $106 million investment. The project joins the company's four other completed communities within the South Market development.
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On the Market: 5 Interesting Listings for the Week of 7/9
This week's listings include a newly renovated historic asset in Baltimore that benefits from a CHAP credit, an age-restricted, fully affordable community in Baton Rouge, La., and more.
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On the Market: 5 Interesting Listings for the Week of 6/18
This week's listings include an affordable community in Baton Rouge, La., and a Washington, D.C.-area property that recently received capital improvements.
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Sims Mortgage Obtains $26M HUD Loan for New Orleans Project
The proposed 178-unit community, Elan at Terra Bella, will be designed to meet green building standards, thus enabling a much lower mortgage insurance premium of .25 percent.
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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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Marcus & Millichap Capital Arranges $22M for New Orleans Property
Oakmont Apartments is a 336-unit garden-style community that includes a swimming pool, a sundeck and a tennis court.