Multifamily news in New Orleans
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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.
02 August 2019 14:52 -
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.
31 January 2019 08:55 -
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.
29 January 2019 12:25 -
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.
17 October 2018 18:18 -
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.
24 July 2018 17:21 -
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.
13 July 2018 15:38 -
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.
22 June 2018 14:18 -
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.
15 June 2018 19:46 -
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.
15 June 2018 19:03 -
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.
02 May 2018 15:37 -
KeyBank Secures Financing for 2 Student Housing Assets
Trevor Ritter of Key’s Commercial Mortgage Group arranged the Freddie Mac loan for Oakbrook Apartments and Eagle Landing Apartments, totaling 384 units.
25 April 2018 14:36 -
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.
26 February 2018 13:59 -
CBRE Secures $29M for Baton Rouge Community
The bridge loan will allow the borrowers to complete construction on River House Apartments, a 244-unit community with retail and office space, adjacent to the the Water Campus research park.
17 November 2017 14:14 -
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.
26 July 2017 18:52 -
Top 10 Markets for Occupancy Growth
Despite unfavorable conditions, certain areas are deviating from the national trend and have seen an increase. Here is a list of the 10 markets with the greatest year-over-year growth in occupancy as of April 2017.
12 June 2017 15:33