Multifamily
New Orleans Portfolio
10151 Curran Blvd, New Orleans, LA 70127
Listing Price: Request For Offer
Investment Overview
The Gulf States Office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Laguna Creek and Orwood Creek, 432 total units located in New Orleans, Louisiana. This value-add pairing is conveniently located within minutes of one another and will offer future ownership robust value-add upside, both operationally and physically, which will result in well-above market stabilized yields.
New Orleans Portfolio
Investment Highlights
- Rental rates in the immediate submarket currently average between $100-$160 higher than Laguna & Orwood, a delta that can be materially bridged via a strategic light value-add program across interiors
- Fully renovated interiors across the submarket are achieving even higher premiums – in excess of $200/mo. – which will continue placing upward pressure on classic & lightly renovated rents in the area
- Laguna and Orwood Creek will also provide significant scale in a market with limited workforce housing supply while also boasting the most expensive residential real estate in Louisiana
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- Rental rates in the immediate submarket currently average between $100-$160 higher than Laguna & Orwood, a delta that can be materially bridged via a strategic light value-add program across interiors
- Fully renovated interiors across the submarket are achieving even higher premiums – in excess of $200/mo. – which will continue placing upward pressure on classic & lightly renovated rents in the area
- Laguna and Orwood Creek will also provide significant scale in a market with limited workforce housing supply while also boasting the most expensive residential real estate in Louisiana
Investment Overview
The Gulf States Office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Laguna Creek and Orwood Creek, 432 total units located in New Orleans, Louisiana. This value-add pairing is conveniently located within minutes of one another and will offer future ownership robust value-add upside, both operationally and physically, which will result in well-above market stabilized yields.
Exclusively Listed By
