The Retreat at Brightside
Type of Property: Multifamily Development Size: 11 acres Number of Units: 244 units Location: Baton Rouge, Louisiana Type of Project: Acquisition rehab and new development Acquisition Date: April 2015 Acquisition Highlights: $25 million invested, development completed in October 2018 Holding Period: Still operating ...
Brookstone Park Apartments
Type of Property: 240 Unit Class A Luxury Apartment Development Size: 14.68 Acres Location: Covington, Louisiana Type of Project: $24 million multi-family development Development Date: Completed in December 2011. A two-phased construction process started in December of 2010. Completion of phase one was in December 2011 and phase two opened in January 2014. The site for this project is perfectly situated in a growth area of St. Tammany Parish, which is continuing to lead Southeast Louisiana in economic and [...]
Stone Creek Club and Spa
Type of Property: 53,000 foot Athletic Club Development Size: 23.50 Acres Location: Covington, Louisiana Type of Project: Upscale health club featuring full service day spa, indoor basketball gym, top of the line fitness equipment, restaurant and bar, 25 meter lap pool, recreational pool, and 12 tennis courts. Development Date: Completed in July 2009
LLOG Exploration Office Park
Type of Property: 105,000 sf Class A Office Building Development Size: 23.50 Acres Location: Covington, Louisiana Type of Project: Office Park was built on behalf of LLOG Exploration to become their new Corporate Headquarters. Development Date: Completed in April 2009 LLOG Exploration, a Gulf Coast oil and gas company, hired PPQ Developments to build their corporate headquarters in Covington, Louisiana. We broke ground in 2008 on the 23.50-acre site which includes a 100,000 square foot office [...]
4141 Veterans Blvd
Type of Property: Commercial Office Space Development Size: 38,000 sq./ft., two building complex Location: Metairie, Louisiana Acquisition Date: August 2007 Acquisition Highlights: Made extensive interior and exterior upgrades after acquisition Investment Highlights: Currently 99% leased at increased rent rates. 4141 Veterans Blvd is 38,000 square foot two building office property located on a high traffic corridor in Metairie, Louisiana. 4141 was purchased in August of 2007 for $3.2 million. After acquisition, renovations on the interior and [...]
Hillcrest Apartments
Type of Property: Multifamily Number of Units: 140 Location: Mobile, Alabama Type of Project: Value-Add. Acquisition Date: October 2003 Acquisition Highlights: $2,000 per unit upgrade completed after purchase Holding Period: 3 years Investment Highlights: Market sale resulted in 40% appreciation IRR: 41.83% The Hillcrest Apartments are a 140 unit multifamily development located on 6.69 acres in Mobile, Alabama. It was purchased in October of 2003, for $4,000,000. Immediately following the acquisition, we began minor renovations. Our [...]
Plantation Apartment Homes
Type of Property: Multifamily Number of Units: 160 Location: Tunica, Mississippi Type of Project: Market Rate Rental Development Date: 2000-2001 Development Highlights: Developed at a cost of $40,625 per unit. Holding Period: Sold in 2006 Investment Highlights: Sold for $7.8 million Plantation Apartment Homes is a 160 unit multifamily property located in Tunica, Mississippi. The apartments were developed in 2000 for $6.5 million. They were operated as market rate rentals until 2006 when they were sold [...]
Heavens Drive/Bradford Row
Type of Property: Multifamily Development Size: 64 units Location: Mandeville, Louisiana Type of Project: Condo Conversion Acquisition Date: October 2002 Acquisition Highlights: Purchased for $50,000 per unit Holding Period: 4 years Investment Highlights: Units listed for $109,000 after upgrades IRR: 40.40% Heavens Drive is a 64 unit apartment complex located in Mandeville, Louisiana. In October of 2002 it was purchased for $3,200,000. We operated it as a rental property for three years making double-digit returns. In [...]
Palmetto Apartments
Type of Property: Multifamily Number of Units: 124 Location: New Orleans, Louisiana Type of Project: Tax Credit Rentals Acquisition Date: November 2004 Acquisition Highlights: Purchased utilizing $3.14M in tax-exempt bonds, $1.8M in Low Income Housing Tax Credits, a $1M City of New Orleans Loan, and a $550,000 lead paint abatement grant Holding Period: Still operating. Plan to hold until 2021 Investment Highlights: Currently 100% occupied and realizing maximum LIHTC rents. The Palmetto Apartments are a 124 [...]
Parkview
Type of Property: Multifamily Number of Units: 60 Location: Mandeville, Louisiana Type of Project: Apartment Rentals to a Condo Conversion Acquisition Date: August 2002 Acquisition Highlights: $10,000 per unit upgrades completed after purchase Holding Period: Currently 73% sold Investment Highlights: Anticipating $6.8M in gross proceeds after remaining units are sold IRR: 40-50% (estimated return after all units are sold) Parkview is a 60 unit multifamily property located in a high-income area in Mandeville, Louisiana. It was [...]