Investment Overview

Cross Lake Apartments consists of 90 units with a total rentable square footage of 99,060 SF, offering an average unit size of 1,101 square feet. The property was built in 1980 and underwent a significant renovation in 2018. It is strategically located near major thoroughfares, including Interstate 20, and provides convenient access to Downtown Shreveport and the city's major employment and entertainment centers. The community presents investors with an attractive value-add opportunity in a submarket characterized by limited new supply. Approximately two-thirds of Shreveport’s apartment inventory is over 20 years old, and new inventory growth has remained under five percent over the last decade, creating strong demand for well-maintained, upgraded assets. With an average current rent of $1,016 per unit, Cross Lake Apartments offers future ownership the opportunity to capitalize on further organic rent growth and operational upside. The property’s modernized units, prime location, and strong unit sizes position it to continue benefiting from market-driven rent premiums and Shreveport’s growing economy.