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Prime Income Advances $20M MF Project

DALLAS-After finding success with a Baton Rouge, LA, project, the local firm moves forward with The Parc at Denham Springs.

By Jennifer Duell Popovec | Updated on July 19, 2010

DALLAS-After finding success with an apartment project in Baton Rouge, LA, Prime Income Asset Management is moving forward with another development nearby, The Parc at Denham Springs.

Construction is underway on the 224-unit, class A project, which is situated on 12 acres at 31092 LA Highway 16. The multifamily project has a development price tag of $19.7 million, according to Al Crozier, executive vice president of residential construction. It was financed with a HUD 221(d)(4) loan.

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