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“Sales of multifamily developments dominated commercial real estate transactions in 2016. Of the 10 most expensive deals, six were for apartment complexes. Of those, some were high-end developments aimed at college students. But most were older, less expensive properties that attracted out-of-state investors. The multifamily sector is appealing to a larger group of investors than, say, retail, because it’s more stable. Financing is also much easier to come by. Those who invested before the August flood are likely congratulating themselves on jumping in at the right time, as the historic disaster created a shortage of multifamily housing and drove up occupancy rates to nearly 100% across the local market. Here are Baton Rouge’s most expensive commercial deals of 2016: $128 million | Burbank Commons, The Cottages, U Club Cottages and University Crescent”

Read the full article at BusinessReport.com.