Q2 2012 New Orleans, Louisiana Apartment Property Sales Analysis

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Q2 2012 New Orleans, Louisiana Apartment Property Sales Analysis


Investment deals that meet Reis’ criteria have been nearly non-existent in the apartment market since 2008. In the sole deal that closed through the first half of 2012, the first since the second quarter of 2010, GMF-Peace Lake LLC paid Lake Towers LLC $9.5 million ($73,077 per unit) in February for the 130-unit Peace Lake Towers retirement community in New Orleans.