Berkadia Negotiates Sale of Single-Family Build-to-Rent (BTR) Community in Lafayette, Louisiana
LAFAYETTE, LOUISIANA – August 30, 2024 – Berkadia, a leader in the commercial real estate industry, announced today the sale of The Chateaus, a newly built, 109-unit, single-family rental (SFR) community located in Lafayette, Louisiana. Managing Director Gregg Cordaro of Berkadia Baton Rouge along with Senior Managing Director Mark Forrester and Senior Director Andrew Curtis of Berkadia Phoenix led the transaction on behalf of the seller.
“We’re proud to have successfully facilitated this deal on behalf of the seller,” said Forrester.
“The property’s unit mix (three and four bedrooms) provides residents the ability to rent a brand-new single-family home, which offers more space and low-density lifestyle for their families as they outgrow traditional two and three-bedroom apartment living,” said Curtis.
Located at 100 Yardley Court, the property benefits from a ten-mile proximity to Downtown Lafayette which includes a 994,000 square foot shopping destination, a vibrant downtown scene featuring 1,400+ performances annually, and an arts center boasting 300,000+ annual visitors.
Completed in 2023 by a premier homebuilder as one of the only build-to-rent communities in the submarket, The Chateaus presents an attractive mix of three and four-bedroom homes. All units feature thoughtfully designed floorplans with private backyards, attached two-car garages, and modern conveniences within the community. The property was 90+ percent occupied at the time of the sale.
“This transaction marks our third build-to-rent (BTR) sale in Louisiana over the past three years and is a testament to the strong demand and desire for these styles of communities not only through the sunbelt, but across all residential housing markets,” said Cordaro.