Property Description

  • 72-unit apartment community completed in 2019. The property is comprised of twenty-three 2-story residential buildings situated on approximately 21.37 acres, offering a diverse mix of 1, 2 and 3-bedroom units.
  • Unit amenities include granite countertops; kitchen islands; stainless steel appliances; custom designer wood cabinetry; wood/vinyl flooring; full size washer/dryer; oversized tub/shower; private screened balconies/patios; 9-foot ceilings and attached and detached garages.
  • Community amenities include a clubhouse containing a leasing office; a community room and a fitness facility; swimming pool with hot tub; outdoor grilling area; dog park/pet spa; garden/park area; walking trail; car care center; detached garage parking and controlled access gates.

If you are interested in receiving a PPM for this property, please email info@privatecapitalhq.com

Property Type

Multifamily

Structure

Delaware Statutory Trust

Passco Collins
DST

LA

Remaining Availability

1% Remaining

Total Funds
32,800,000
Remaining Availability
Taking Backups
Minimum Investment
$100K
Funded To Date
$32,800,000
Est. Hold Period
See PPM
Leverage
52.33%
Equity Raise
$32,800,000
Price/SF or Price/Unit
$243,941/Unit

For More Details

 
 
 

Location Details

 
 
 

Population

See PPM

Population Growth

See PPM

About The Area

  • The area benefits from its nearby proximity to major employment nodes within the region; East Jefferson General Hospital, Ochsner Health and Lakeview Regional Medical Center all are within commuting distance.
  • Income levels, education levels, home values and population growth within the immediate neighborhoods surrounding the property exceed the New Orleans MSA-level metrics.
  • St. Tammany Parish, where the property is located, is one of the fastest growing submarkets within the New Orleans MSA.
  • The 12-month annual effective rental growth rate in the St. Tammany submarket was 8.87% as of Q2 of 2021.

 

Sponsor

Since 1998, Passco Companies, LLC has operated throughout all market conditions and cycles. The company has acquired over $6.1 billion in multifamily and commercial real estate in the United States. Since its inception, Passco Companies has become a recognized provider of investment opportunities in real estate projects.

Passco Companies is directed by a team of dedicated senior real estate professionals whose experience in the business averages 38 years, and who, collectively, have acquired over $35 billion in investment real estate projects.