Louisiana’s Castlebrook community sold

Seventy percent of units refurbished

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Castlebrook Apartment Homes, a 264-unit multifamily community in Baton Rouge, La., has sold for approximately $17.2 million. An unidentified entity purchased the property from a Louisiana-based private partnership at a price that represents $64,962 per unit. Located at 4944 South Sherwood Forest Blvd., the 222,930-square-foot facility is a two-story building, of which 184 units have been recently renovated. ...