Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of a strategically located, four property, 535-unit apartment portfolio located in Shreveport, LA. This portfolio includes Villa Norte (186 units), Linwood Homes (176 units), The Pines (128 units) and Forest Oak (48 units). The portfolio offers investors the opportunity to capture significant operational upside by pushing rents and occupancy to market rates at all properties. Further revenue growth is achievable by improving the physical condition of the properties by implementing a substantial value-add strategy. 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 communities like Villa Norte, Linwood Homes, The Pines and Forest Oak.