Green at Northpark
December 17, 2021
- Multifamily for rent
- 218-unit market rate apartment complex.
- Acquisition and re-positioning of a market rate apartment complex in Covington, LA.
- Investment closed in December 2021. As this is relatively new construction, there is no planned renovation strategy for the project. The investment strategy is to raise the average in-place rental rates and burn off the loss to lease during its hold period, and then exit. The asset is currently 95%+ occupied.