Berkadia Arranges Sale of 299-Unit Citiscape at Essen Multifamily Community in Baton Rouge, Louisiana to The Medve Group
BATON ROUGE, LA - Berkadia announces it has arranged the sale of Citiscape at Essen, a 299-unit multifamily asset in Baton Rouge, Louisiana. Senior Managing Director Ryan Epstein of Berkadia’s Houston office along with Managing Director Gregg Cordaro of Berkadia’s Baton Rouge office, listed the property on behalf of the seller, Ojala Partners, LP. The Medve Group was the buyer. “The diversifying market and low cost of living is expected to bring in new residents to Baton Rouge and provide upward pressure on effective rents as the labor market improves,” said Epstein. “Investments fr...
Source: multifamilybiz.com