Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire two strategically located apartment communities in Shreveport, LA. Fox Trail Apartments is 144 units with a balanced mix of studio, one and two-bedroom floorplans. South Pointe’s 104 units offer a diverse mix of one, two and three-bedroom units. Both communities offer an array of amenities for tenants including swimming pools, business centers, playgrounds, lush landscaping and more. ASSUMABLE DEBT Both properties carry below market and very attractive assumable agency loans. VALUE-ADD Through a more hands-on management structure than currently in place, the portfolio offers investors the opportunity to capture operational upside by pushing rents and occupancy to market rates at both properties. Further revenue growth is achievable by improving the physical condition of the properties by implementing a light to moderate value-add strategy. LOCATION The Shreveport-Bossier Metro (pop 327,000) sits on Interstate 20 and is intersected by the Red River. The economic stability of the area can be attributed to businesses investing in Shreveport highlighted by 1,600 new jobs created by Ochsner-LSU Health Sciences and Amazon’s $200 million fulfillment center that is currently under construction and will employ 1,000+ direct jobs, 1,118 indirect jobs and 800 construction jobs. (See Market Overview for more economic drivers and details) Approximately two-thirds of the existing apartment inventory in the metro is greater than 20 years old. Within the past 10 years, apartment inventory increased less than 5%. The vintage of current inventory indicates a shortage of newer development highlighting the opportunity to reposition well-located apartment complexes like Fox Trail and South Pointe Apartments.