A developer is planning to build a 291-unit apartment complex along Fort Worth’s Hemphill Street in a part of the city that hasn’t seen new multi-family.
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BATON ROUGE, LA - Berkadia announces it has arranged the sale of Citiscape at Essen, a 299-unit multifamily asset in Baton Rouge, Louisiana. Senior Managing Director Ryan Epstein of Berkadia’s Houston office along with Managing Director Gregg Cordaro of Berkadia’s Baton Rouge office, listed the property on behalf of the seller, Ojala Partners, LP. The Medve Group was the buyer.
“The diversifying market and low cost of living is expected to bring in new residents to Baton Rouge and provide upward pressure on effective rents as the labor market improves,” said Epstein. “Investments from Greentech Materials and Shell’s potential $1.2 billion funding in the region exemplify the continued interest and demand from new jobs these investments would bring, further putting Baton Rouge forward as a compelling multifamily market.”