Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

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I accept the confidentiality agreement

You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2007
Building Area
Land Area
Number of units 318

Property Description

The Property is located on Millerville Road with frontage along Interstate-12. This ideal location affords excellent visibility as over 115,000 cars pass daily and provides residents convenient access to virtually every significant employment area and amenity base in the Baton Rouge MSA including:

• Louisiana State University – One of the largest economic drivers

in the region with an enrollment of approximately 25,900 undergraduate

students, generating a $5.1 billion annual economic impact for the State

and directly responsible for over 41,000 jobs

• Turner Industries – One of the largest private industrial

construction, maintenance, and management services companies in

the US employing more than 23,000 nationwide and 11,000 in Baton Rouge

• Premier Entertainment Areas – The Regent is about 6 miles from

the City’s premier entertainment such as Perkins Row, Mall of Louisiana,

and Juban Crossing

Investment Highlights

Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in The Regent (the “Property”), a very well-positioned Class A asset with a value-add opportunity located in Baton Rouge, Louisiana. The 318-unit community enjoys an outstanding location in Baton Rouge nearby Ochsner Medical Center and Interstate-12 allowing residents to quickly move about the city and ease access to other economic drivers such as Louisiana State University, the headquarters of Turner Industries with 11,000 Baton Rouge employees, as well as other medical centers such as Lady of the Lake Medical Center and Woman’s Hospital. The Property was built by the current owner and is exceptionally well-maintained having received all new roofs and paint within the last few years. Completed in 2007, Bayou Reserve is a strong value-add opportunity through implementing interior improvements.
Last Updated Date: 28 Sep 2020
Steven Hahn Jr.
Steven Hahn Jr.
Senior Director, Capital Markets
License details
TX-615904
Art Barnes
Art Barnes
Director, Capital Markets

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Last Updated Date: 28 Sep 2020

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