Diamond Lakes Apartments, a 312-unit multifamily community in Lafayette, La., has sold for $20.1 million, or $64,423 per unit.

A locally based private investment group purchased the asset from a Massachusetts-based investment group.

Located at 2700 Ambassador Caffery Parkway, the 249,100-rentable-square-foot apartment community consists of 16 two-story buildings on a 13.17-acre lot. The garden-style buildings offer one- and two-bedroom units, ranging from 650 square feet to 1,000 square feet.

Community amenities include two swimming pools, two lighted tennis courts, a computer lab and a fully equipped fitness center.


***


What’s your opinion? Leave your comments below or send a
letter to the editor.


Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Use code JULY4 at checkout & save $50 on your Connect Now Bundle!Get the deal×