This portfolio is composed of 481 units spread over four properties across south Louisiana in Baton Rouge, New Orleans, Lafayette, and New Iberia. The portfolio was originally assembled and approved for tax-exempt bond financing and 4% Section-42 tax credits. Current ownership began the assemblage in November 2019 and ultimately closed in December 2020. However, given the shift in market fundamentals coupled with the operational scale, ownership decided not to pursue implementing the original business plan. The aforementioned scale and operational footprint provides investors a value-add opportunity with multiple paths to enhanced returns. Call Mark Segalla at 504.430.8822. View the listing here.
