3300 Garden Oaks Dr

Desirable Location
The property has a bus stop on New Orleans Regional Transit Authority routes 114A and 114B, facilitating easy travel to downtown New Orleans, the Smoothie KingCenter and Superdome, Tulane Medical Center, and Oakwood Center
Just a few blocks from General De Gaulle Drive, the main commercial thoroughfare ofthe West Bank neighborhood featuring dozens of shops and restaurants
Conveniently situated within one mile of grocers including Walmart Supercenter,ALDI, and Rouses Market
Only an 18-minute drive from Lakeside Shopping Center, which houses majorretailers like Dillard’s, Macy’s, Abercrombie & Fitch, DICK’S Sporting Goods, Express,GameStop, and more
Within a 22-minute drive to Louis Armstrong New Orleans International Airport,which offers non-stop service to more than 50 destinations via 15 commercial airlines
Property Features
A mix of studio, one-, two-, and three-bedroom units featuring a balcony or patio, LVPfloors, air conditioning, and in-unit washer and dryer connections in select units
Community amenities include gated access, a courtyard, barbecue and picnic area,playground, and leasing office
Recent capital expenditures include new roofs in 2022 as well as exterior painting ofthe front building and replacement of all exterior lights in 2025

Investment Highlights
Market rate asset with meaningful operations upside
• LIHTC conversion opportunity allows for major rehab
Rent transparency between market rate and LIHTC allows for multiple ownership executions
Market driven yield expectations allow for attractive leveraged returns during hold period
Attractive IRR for investor completing repositioning of the asset Property Features •
A mix of studio, one-, two-, and three-bedroom units featuring a balcony or patio, LVP floors, air conditioning, and in-unit washer and dryer connections in select units
Community amenities include gated access, a courtyard, barbecue and picnic area, playground, and leasing office
Recent capital expenditures include new roofs in 2022 as well as exterior painting of the front building and replacement of all exterior lights in 2025

Overview