Ashford Place is a 338-unit multifamily property in the upscale suburb of West Monroe, Louisiana. Operations at Ashford Place have been hindered by an inefficient management company that has been underfunded. This has resulted in a dip in occupancy to 70% and several deferred maintenance items that have frustrated the current tenant base, dissuaded future rental prospects, and lowered the overall appeal of the property. The project offers investors an exceptional and unique value-add opportunity through a targeted upgrade program and an overall improvement in operating efficiency.

Purchase Price: $48,318,000 (Nov 2022)
Total Equity: $16,310,000
Initial Annual Yield: 8%