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Multifamily

New Orleans Portfolio

10151 Curran Blvd, New Orleans, LA 70127

Listing Price: Request For Offer

Number of Units
432
Gross SF
513,163

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.

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

Multifamily

New Orleans Portfolio

Listing Price: Request For Offer

Number of Units
432
Gross SF
513,163

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

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