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.”
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