Did you know multifamily rents are rising in over half the states in the nation? Find out which ones in this ABODO report. And one Southeast city in particular is turning multifamily investor heads.

ATLANTA—You don't see multifamily deals in Louisiana of this size every day. A 2,079-unit portfolio in Lafayette, Shreveport and Slidell has traded hands.

Cushman & Wakefield's Southeast Multifamily Advisory Group arranged the nearly $250 million sale. Mike Kemether of Cushman & Wakefield and Larry G. Schedler of Larry G. Schedler & Associates represented the seller, AVR Realty, in the transaction. El-Ad National Properties acquired the multifamily portfolio.

“This portfolio sale represents a substantial statewide multifamily investment and transaction,” Schedler tells GlobeSt.com. “The high level of local and international investor interest was driven by the opportunity to purchase a critical mass of best-in-class assets across the state of Louisiana.”

The properties in the portfolio include:

• Audubon Lake, 208 units, Lafayette
• Chateau Des Lions, 180 units, Lafayette
• Chateau Mirage, 280 units, Lafayette
• Peppertree, 304 units, Lafayette
• Champion Lake, 256 units, Shreveport
• River Walk, 208 units, Shreveport
• Stockwell Landing, 241 units, Shreveport (Bossier City)
• Harborside, 168 units, Slidell
• Villa Du Lac, 234 units, Slidell

Cushman & Wakefield's Southeast Multifamily Advisory Group is the most active firm in the region, with the No. 1 market share based on transactions reported to CoStar. The group closed $3.6 billion in sales volume in 2016, totaling 223 deals and nearly 50,000 units. On average, the team has experienced 63% sales growth.

Did you know multifamily rents are rising in over half the states in the nation? Find out which ones in this ABODO report. And one Southeast city in particular is turning multifamily investor heads.