Villas at Emerald Park ~ UNDER CONTRACT
New Orleans / Gretna, LA - 69 units
Larry G. Schedler & Associates, Inc. and Cushman & Wakefield Southeast Multifamily Advisory Group are pleased to present the exclusive listing of the 69-unit Villas at Emerald Park apartment community located in Gretna, Jefferson Parish, Louisiana. This asset is situated in the high barrier-to-entry Jefferson Parish apartment submarket, characterized by limited new deliveries and strong organic rent growth. With such limitations on new multifamily, occupancy and rent have continued to climb, leading to a strong historical property performance, highlighted by a 9% increase in rental income since July 2016. Villas at Emerald Park is an excellent opportunity to acquire a well-performing asset in the New Orleans metro.