Watervue Apartments: execution of an overlooked development opportunity

Lake Charles was identified by Ojala early on as a market that would disproportionately benefit from the domestic energy resurgence. After substantial efforts targeted at acquiring existing apartment communities, Ojala deemed it more desirable to develop than to purchase and secured a well-located land parcel off-market at very favorable pricing.

Ojala executed this transaction through its Vintala development subsidiary, which offers the strategic competitive advantage of having an experienced local development partner who lives in Louisiana.

Transaction Background
Entity:
CC Road Investors, LP
Investment:
264 unit Class-A multifamily development
Strategy:
Overlooked development opportunity
Location:
Lake Charles, Louisiana
Investment Date:
April 2014
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