Apartments for Sale
For Sale
The Local on Severn – Marketing
New Orleans / Metairie, LA – 161 units
Larry G. Schedler & Associates, Inc. and the Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 161-unit The Local on Severn apartment community located in New Orleans’ most affluent neighborhood. This asset is situated off of I-10, just before Lake Pontchartrain and adjacent to Lakeside Shopping Center, giving residents prime access to major New Orleans, Metairie, Slidell and Covington employers. With minimal supply in the area, the property is primed for future rent growth. Built in 1974, The Local on Severn represents an outstanding opportunity to invest in a value-add opportunity in a prime location with strong submarket fundamentals.
For Sale
Highlands of Grand Pointe – Marketing
Lafayette, LA – 116 units
Larry G. Schedler & Associates, Inc. and the Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 116-unit Highlands of Grand Pointe apartment community located in Lafayette, LA. This asset is situated in one of the most sought-after submarkets in the region with an average household income of $140K in the immediate area and over 7.4M SF of retail in just a three-mile radius. The property is minutes from the University of Louisiana-Lafayette, Lafayette General Health and other major employment centers. Built in 2009 and boasting some of the largest floorplans in Lafayette (averaging 1,345 SF), Highlands of Grand Pointe presents a prime value-add opportunity in an A+ submarket.
For Sale
Greentree – Marketing
Metairie, LA – 47 units
Larry G. Schedler & Associates Inc. and the Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 47-unit Greentree apartment community located in Metairie, Jefferson Parish, LA. This asset is situated just off of I-10 in the desirable Metairie suburb, where new multifamily development has been extremely limited. Residents at Greentree benefit from being less than a mile from retail destination Lakeside Shopping Center. The property has experienced substantial rental income growth with the last 15 leases being signed at market rent. Built in 1982, Greentree represents an outstanding opportunity to invest in an asset with major upside through an interior value-add program in a limited supply submarket.
For Sale
Nautical Point at Lakeshore Villages – Marketing
Slidell, LA – 169 units
Larry G. Schedler & Associates, Inc. and the Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of Nautical Point at Lakeshore Villages, a 169-unit build-to-rent community located in Slidell, LA, a well-known suburb of New Orleans. Nautical Point at Lakeshore Villages arrives to the market as a one-of-a-kind build-to-rent community located 30 minutes from Downtown New Orleans. Embedded in the Lakeshore Villages community, the asset boasts high-end construction, highlighted by custom brick exteriors, high ceilings, upscale finishes & institutional amenities. Residents at the property benefit from being within a 30-minute drive of employers in Covington, New Orleans as well as the NASA Space Facility in nearby Bay St. Louis, MS. There is minimal supply in the submarket, priming the property for future rent growth. During lease-up, the property has experienced major boosts in income and increases on recent leases. Upon stabilization, the next investor has an opportunity to capture additional rental income on second generation leases.
For Sale
Mark Twain II – Marketing
River Ridge, LA – 515 units
Larry G. Schedler & Associates, Inc. and the Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 515-unit Mark Twain II apartment community located in Jefferson Parish, River Ridge, LA. This asset is strategically-located amongst major employment hubs such as Ochsner Health, New Orleans International Airport and the Elmwood Business Park. Over the last twelve months, net rental income at the property has grown 14%. Current ownership has elevated the asset through exterior upgrades, however interiors are primed for a value-add program to significantly boost rental income. Built in 1978, Mark Twain II offers an outstanding opportunity to invest in a well-performing asset with major upside.
For Sale
Reserve at White Oak – Marketing
Baton Rouge, LA – 624 units
Larry G. Schedler & Associates, Inc. and the Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 624-unit Reserve at White Oak apartment community located in East Baton Rouge, Louisiana. This asset is situated in the affluent East Baton Rouge Parish, where average HHI within a 3-mile radius is $98K. The property is situated just off of I-12, giving residents access to major employers such as Ochsner Medical Center and Woman’s Hospital. The property has undergone $25M+ of renovations and upgrades, with the majority being complete 2018-2021. In September, Reserve at White Oak’s LIHTC restrictions expired, allowing a new owner to boost income by converting those units to market rate. Built in 1997 and fully repositioned in 2021, Reserve at White Oak represents an outstanding opportunity to invest in an asset embedded in a limited supply submarket with remaining upside and value-add blueprint in place.