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Cushman & Wakefield and Greystone Close Sale and Financing of Apartment Community in New Orleans Submarket of Metairie, Louisiana

NEW YORK, NY - The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of and provided acquisition financing for The Lumiere, a 336-unit multifamily community located in Metairie, Louisiana, a sub-metro region of New Orleans. The multifamily property was sold by LURIN to buyer Onyx Partners. Cushman & Wakefield’s Mike Kemether, Christian Schedler, Larry Schedler, and Cheryl Short represented the seller in the $55.8 million transaction..

Cushman & Wakefield and Greystone Close Sale and Financing of Louisiana Multifamily Property

Cushman & Wakefield and Greystone Close Sale and Financing of Louisiana Multifamily Property
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Greystone & Co: Cushman & Wakefield and Greystone Close Sale and Financing of Louisiana Multifamily Property

Greystone & Co: Cushman & Wakefield and Greystone Close Sale and Financing of Louisiana Multifamily Property
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Cushman & Wakefield and Greystone Close Sale and Financing of Louisiana Multifamily Property

Cushman & Wakefield and Greystone Close Sale and Financing of Louisiana Multifamily Property
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Passco Companies Strengthens Foothold in Louisiana with Acquisition of Two Luxury Multifamily Communities Totaling 600-Units

NEW ORLEANS, LA - Passco Companies, a privately held California-based commercial real estate company that specializes in real estate acquisition, development, and asset management throughout the U.S., has acquired two luxury multifamily communities totaling 602 units: Canal 1535, a 330-unit asset in Downtown New Orleans, and Sawgrass Point, a 272-unit asset in the Baton Rouge metropolitan area submarket of Gonzales, Louisiana. Both assets closed at contract pricing despite a volatile capital.

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