Investors sink money into Louisiana residences

Apartments features multiple recreational amenities

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Tenant-in-common investors recently closed on the purchase of a large apartment complex in Lafayette, La. Purchased from Goodman Real Estate for an undisclosed price, Emberwood Apartments comprises 296 units in 24 two-story buildings. The property, built in 1985 on more than 14 acres, features approximately 267,000 square feet of residential space and includes a separate building that houses the community's leasing center. Emberwood provides an average unit size of 901 square feet, and community amenities include two swimming pools, a sports court, BBQ/picnic area, and a children's playground. At the time of purchase, the property was approximately 95 percent occupied. ...