The District Apartments

The District Apartments presents a rare opportunity to acquire a Class A, institutional-quality multifamily asset in Baton Rouge’s most desirable submarkets. Constructed less than 10 years ago, this 312-unit community is located in one of the highest-income submarkets of Baton Rouge, surrounded by top-tier retail, dining, healthcare, and recreational amenities, minutes from LSU and the Baton Rouge Health District.

A mix of 1-bedroom and 2-bedroom units in a gated community with resort amenities, this asset provides the opportunity for a buyer to continue to target the most desirable tenants in the market. 

Current-in-place rents are at $1.55 PSF, representing a 10.4% discount to market based on an average of seven comparable Class A properties, which are achieving $1.73 PSF. (Range: $1.55 PSF  to $2.31 PSF).  This delta offers a clear path to organic rent growth without requiring physical upgrades, positioning this asset for immediate mark-to-market upside upon lease rollover. 

• Strong, reliable, historic cash flow from a stabilized and high-occupancy property with room for increasing rents. 
• Exceptional infill location in the heart of Baton Rouge, LA near LSU, top medical centers, City Park, and high-end retail, with an 1-mile Average Household income of $176,440 and Home value of $607,983 
• Gated property with secured 3.5 story parking structure, allowing for easy vehicular access to all three stories.  
• Highly amenitized property to attract the most desirable tenants and drive revenue.