Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2003
Building Area
Land Area ()
Number of units 352

Property Description

STRONG PERFORMING, STABLE ASSET POISED FOR GROWTH

• Currently 97.2% occupied

• Average occupancy of 95% in 2020 with collections exceeding 99%

• 5.5% effective rent growth in East Baton Rouge submarket over past 12 months


SIGNIFICANT VALUE-ADD OPPORTUNITY

• 2003 construction with all units in original condition

• Effective in-place rents are $179 below its competitive set and $480 below new construction

• Units include 9’ ceilings on first floor units and full-size washers and dryers in all units

Investment Highlights

COMMUNITY AMENITIES

  • Resort-style swimming pool
  • Fitness center
  • Outdoor kitchen
  • Playground
  • Business center
  • Private lake & nature trail
  • Volleyball court
  • Car care center
  • Garages & reserved parking
  • Storage units

INTERIOR FINISHES

  • White appliances
  • Granite inspired countertops
  • Modern white cabinets*
  • Wood style flooring*
  • Fireplace*
  • Brushed nickel finishes
  • Patio/balcony
  • Vaulted ceilings*
  • Washer/dryer set

*In select units


Last Updated Date: 30 Mar 2021
Steven Hahn Jr.
Steven Hahn Jr.
Senior Director, Capital Markets
License details
TX-615904 OK-184952
Art Barnes
Art Barnes
Director, Capital Markets

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Last Updated Date: 30 Mar 2021

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