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Market Highlight: New Orleans

Oct 14, 2017

Southeast Real Estate Business  October 2017 BY: Larry G. Schedler, CCIM & Cheryl Short, Principals with Larry G. Schedler & Associates, Inc. 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...

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The Gates at Citiplace sell for $59.6M

Aug 29, 2017

Alexandria Burris | @allyburris August 28, 2017 Another luxury multifamily development in Baton Rouge has sold at an incredibly high price. The Gates at Citiplace Apartments sold for $59.6 million in a deal that closed Aug. 3. The buyer is listed as David Werner Real Estate Investments of New York...

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Buyer pays $33 million for flood-damaged St. Jean Apartments

Aug 23, 2017

  BY TED GRIGGS | tgriggs@theadvocate.com Aug 21, 2017 – 12:54 pm A Georgia firm has paid $33.3 million for the 624-unit St. Jean Apartments, which were heavily damaged by the August 2016 flood. ACV Baton Rouge LLC bought the complex, near South Harrells Ferry Road and O’Neal Lane, from...

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AVR Realty Sells $250M Portfolio El-Ad National Properties acquired the nine-property portfolio consisting of pet-friendly communities in Lafayette, Shreveport and Slidell, La., totaling 2,079 units.

Jul 27, 2017

By IvyLee Rosario  | Jul 26, 2017 El-Ad National Properties acquired a nine-property portfolio in Lafayette, Shreveport and Slidell, La. from AVR Realty for nearly $250 million. Mike Kemether of Cushman & Wakefield’s Southeast Multifamily Advisory Group and Larry Schedler of Larry Schedler & Associates, arranged the sale on behalf...

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AVR Sells Nine-Property Multifamily Portfolio in Louisiana for $250M

Jul 24, 2017

LAFAYETTE, SHREVEPORT AND SLIDELL, LA. — AVR Realty Co., a Yonkers, N.Y.-based multifamily investment and development firm, has sold a portfolio of nine multifamily properties totaling 2,079 units in Louisiana for approximately $250 million. Israel-based investment firm El-Ad National Properties purchased the portfolio. According to the company’s LinkedIn page, its...

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New Orleans multi-family market remains strong

Jun 17, 2015

Report: New Orleans multi-family market remains strong By: Robin Shannon, Managing Editor June 16, 2015 Bella Ridge apartments opened this month in Harahan. (CityBusiness staff photo) A combination of strong demand and a lack of available buildable land is helping the area’s multi-family market remain near full occupancy. But despite...

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Algiers apartment deal leads multi-family trend

Dec 18, 2014

By: Robin Shannon, Reporter, December 16, 2014 A local investment group led by developer Joshua Bruno has acquired the 336-unit Oakmont Apartments complex in Algiers from an Illinois-based real estate trust. The deal is part of an ongoing trend of multi-family acquisitions throughout the New Orleans metro area and the...

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Report: Apartment occupancy, rents stable in NOLA

Nov 06, 2014

By: Robin Shannon, Reporter November 6, 2014 The latest semiannual report on apartment occupancy shows the New Orleans market is maintaining equilibrium between supply and demand as average rental rates and availability have remained virtually unchanged since the spring. The fall edition of the Greater New Orleans Multi-Family Report keeps...

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