Southdown Pavilion
View Offering Memorandum and Financials
Offering Summary:
- Location: Houma, LA
- Year Built: 2005
- Units: 200
Investment Highlights:
- 200-Unit, Value-Add Asset Located in Secondary Market of Louisiana
- Prominently Located in Houma, Situated 40 Miles Southwest of New Orleans
- Situated in the Highly Ranked Terrebonne Parish School District and Feeds into Top Schools
- Strong Historical Performance: 95% Occupancy with 6.8% Rent Growth in Trailing 12 Months
- Numerous Capital Projects Recently Completed, Leaving Minimal Deferred Maintenance
- Loan Assumption Opportunity with 2.99% Interest Rate + 0.25% Mortgage Insurance Premium and Attractive Leverage
Exclusively Listed by:
-
Will Balthrope
Executive Managing Director
-
Drew Garza
Senior Vice President
