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The Afton Oaks apartment complex off Sherwood Forest Boulevard has been sold for $23.9 million.
MIMG CLXXIV Afton Oaks LLC, MIMG FWCO Afton Oaks LLC and D&J Afton Oaks LLC bought the complex in a deal that was filed Wednesday with the East Baton Rouge Clerk of Courtâs Office. The seller was A.OK Limited Partnership, represented by Mike Wampold, a well-known Baton Rouge developer.
At least two of the entities that bought the complex are connected to Monarch Investment and Management Group, a Colorado company that manages nearly 62,000 apartments in 21 states. In Baton Rouge, the companyâs holdings include Afton Oaks, Longridge Apartments, 21 South at Parkview and Dove Creek Apartments. Monarch also has two apartment complexes in Alexandria.