News

Dallas firm buys Fat City apartment building for $17.6 million

Sale of The Local on Severn: Audubon, an Atlanta-based rental housing investment company, sold The Local on Severn, a 161-unit apartment complex in Metairie, for $17.6 million to The Medve Group, a Dallas-based firm. Location and Features: The Local on Severn is located two blocks from Lakeside Shopping Center in Fat City and includes studio, […]

Passco Acquires 2 Multifamily Communities in Louisiana

NEW ORLEANS — From Passco Companies

Passco Companies has acquired two luxury multifamily communities totaling 602 units: Canal 1535, a 330-unit asset in downtown New Orleans, and Sawgrass Point, a 272-unit asset in Gonzales, La. Both assets closed at contract pricing despite a volatile capital markets environment.

New Orleans Adds Another Chapter to its 300-Year History of Multifamily Growth

How many cities can boast a multifamily history that goes back 300 years? New Orleans can, as it is celebrating its Tricentennial. New Orleans is home to the first apartment building in the United States. Historians have noted the “oldest continuously rented” multifamily development in the country is the Pontalba Apartments. Built in 1849 by […]

Market Highlight: New Orleans

MULTIFAMILY INVESTORS, DEVELOPERS FIND HIDDEN OPPORTUNITIES IN NEW ORLEANS Sometimes there is a “herding” mentality in real estate investment activity, but markets that do not make the headlines of news stories or appear on the top market lists are the ones investors should focus on. New Orleans is one such market, and while it might […]