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The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of Canebrake Landing, a 96-unit, 2022-built BTR community located in Maurice, LA, just 11 miles outside of Lafayette. Canebrake Landing is the first purpose-built BTR community in the Lafayette MSA. The property benefits from being the only BTR asset in a supply-strained market, that is expected to see 17.4% growth over the next 5 year. Just 15 minutes from Lafayette and up-and-coming Youngsville, LA, the property is surrounded by a number of major employers and retail hubs. Built in 2022, the asset is comprised of large 3BR and 4BR floorplans, boasting premium modern finishes, average unit sizes of 1,498 SF, large 2-car garages and fenced backyards. New ownership is well positioned to capture upward momentum by burning off current LTL and implementing other income opportunities. Canebrake Landing offers investors an outstanding opportunity to invest in a BTR asset in a high income suburb of Lafayette, LA.
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Canebrake Landing
96 Units
3503 Minvielle Boulevard
Maurice, LA  70555
Type:  Single-family
Posted: 8/7/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 378-unit Houma Highlands apartment community located in Houma, LA. Strategically situated in Southwest Houma, the property is just minutes from the Houma Crossing retail development and Southland Mall, providing residents convenient access to a plethora of national retailers and entertainment destinations. Houma Highlands benefits from an affluent demographic landscape, boasting an average household income of $117K within a 1-mile radius. Current ownership has fully renovated 49 units, achieving $119 premiums over classic units. New ownership is presented an exceptional opportunity to drive rental income by taking all units to an elevated finish level.
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Houma Highlands
378 Units
461 South Hollywood Road
Houma, LA  70360
Posted: 3/4/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 240-unit Mansions at Ivy Lake apartment community located in Gonzales (Baton Rouge MSA), Louisiana. Built in 2008, most units retain their original finishes, presenting a prime renovation opportunity for new ownership. The property offers a favorable HUD loan assumption with over 35 years remaining at a remarkable 2.47% interest rate. Strategically located south of Baton Rouge, adjacent to I-10, the asset provides excellent access to major employment hubs, renowned for expertise in the healthcare, education and technology sectors. The suburb of Gonzales maintains a young, affluent population with an average age of 35 years old and a median household income of $111K+. In addition to job accessibility, the area boasts numerous high-quality retail centers, totaling over 4.5M SF in a 5-mile radius of the property.
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Mansions at Ivy Lake
240 Units
14086 Airline Hwy
Gonzales, LA  70737
Type:  Multifamily
Posted: 2/13/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of Sugarland Terrace, a 26-unit, 2006-built LIHTC single-family rental community located in New Iberia, LA. The asset is eligible for LIHTC re-syndication as well as to undergo the qualified contract (QC) process. Sugarland Terrace is individually metered and individually parceled allowing for seamless market-rate conversion. Current ownership is offering an extremely appealing seller financing structure, providing security and optionality to the next investor. The robust economic trends throughout the Lafayette MSA, highlighted by the projected addition of 7K+ jobs by the end of 2025, are fueling a surge in demand, particularly for young families choosing to relocate. Built in 2006, Sugarland Terrace offers an outstanding opportunity to invest in a unique community of 26 LIHTC SFR homes with massive floorplans averaging 1,422 sqft.
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Sugarland Terrace
26 Units
1607 Sugarland Terrace
New Iberia, LA  70560
Type:  Single-family
Posted: 7/25/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 134-unit Teakwood Village apartment community located in Baton Rouge, LA. Situated in a thriving metro area, renowned for its prestigious healthcare network and ongoing corporate growth, the property benefits from an abundance of job opportunities, favorable demographics and growing single family housing market. The East Baton Rouge Parish is experiencing a constrained multifamily pipeline with limited future supply as there are currently zero properties under construction within a 5-mile radius of Teakwood Village. Built in 1975, with 52 renovated units (39% of the property), Teakwood Village represents an outstanding opportunity to invest in a textbook value-add asset with the potential for significant future rent growth.
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Teakwood Village
134 Units
515 Gardere Lane
Baton Rouge, LA  70820
Posted: 7/24/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 161-unit The Local on Severn apartment community located in New Orleans’ most affluent neighborhood. This asset is situated off of I-10, just before Lake Pontchartrain and adjacent to Lakeside Shopping Center, giving residents prime access to major New Orleans, Metairie, Slidell and Covington employers. With minimal supply in the area, the property is primed for future rent growth. Built in 1974 and renovated in 2018, The Local on Severn represents an outstanding opportunity to invest in a value-add opportunity in a prime location with strong submarket fundamentals.
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The Local on Severn
161 Units
3409 Severn Avenue
Metairie, LA  70002
Posted: 4/25/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 96-unit Towne Oaks apartment community located in Baton Rouge, LA. Towne Oaks is strategically positioned in the affluent East Baton Rouge Parish, in close proximity to major economic drivers such as the Baton Rouge healthcare corridor, major government offices and industrial developments including the new Amazon fulfillment center. The 3.4M SF, $200M Amazon facility opened in 2024 and is expected to add roughly 1K new jobs over the next year. The area surrounding the property asserts an impressive average household income of $81K+ with an expected increase of 12.5% by 2027.
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Towne Oaks
96 Units
1331 North Sherwood Forest Drive
Baton Rouge, LA  70814
Type:  Multifamily
Posted: 7/30/2024