The District: execution of an overlooked development opportunity

Baton Rouge is Ojala’s favorite market in Louisiana.  It is an institutionally overlooked market that offers great opportunity.  The city is a state capitol, university center, regional medical center and major port that is well positioned to benefit from the reindustrialization that is occurring along the Gulf Coast.  At the time Ojala started this project, it was the only new multifamily project in a market where the last Class-A apartments were completed in 2008.

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:
Vintala Perkins Road Investors, LP
Investment:
312 unit Class-A multifamily development
Strategy:
Overlooked development opportunity
Location:
Baton Rouge, Louisiana
Investment Date:
February 2013
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