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1001 McKeen Pl., Monroe, LA 71201
Shadow Wood
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Shadow Wood – 1001 McKeen Pl., Monroe, LA 71201 Shadow Forest – 1401 McKeen Pl., Monroe, LA 71201
Monroe Pair – Shadow Wood and Shadow Forest
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
2320 S Germantown Road, 2nd Floor
Germantown, TN 38138
Memphis Office
CONTACT
Ben Parrish
Director 901.425.1829 | ben.parrish@berkadia.com TN # 366891
Gregg Cordaro
Managing Director 225.922.4587 gregg.cordaro@berkadia.com LA # BROK.0995685833-CORP
Patrick Jordan
Managing Director
901.425.1828 Patrick.Jordan@berkadia.com
TN #318783
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LOCATION
Prime Location in North Monroe: With easy access to I-20 and Highway 165, the Monroe Pair is proximate to the University of Louisiana Monroe and other cultural attractions such as the Louisiana Purchase Gardens and Zoo.
Appealing Unit Composition and Vintage: Shadow Wood and Shadow Forest together include 273 units, each averaging more than 900 square feet. Constructed in 1974, these properties offer opportunities for unit and amenity upgrades, as well as increased revenue.
Operations and Value-Add Potential: Through targeted improvements in marketing and operations, along with enhanced investment in modernizing units and amenities, new ownership can realize substantial value-add through increased occupancy and rents.
Attractive Investment Basis: Current rents trail market averages, providing a clear path to increased NOI through strategic renovations and improved operations.
Substantial Tech Investment:
Meta (Facebook and Instagram parent company) is currently building its $10 billion artificial intelligence data center in northeast Louisiana near Monroe. The Center will provide more than 6,500 jobs and is expected to be completed by 2030.
Opportunity Highlights
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Location
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Total Units 273
Average Unit Size 947 SF Year Built 1974
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Two United Plaza 8550 United Plaza Blvd. Suite 702 Baton Rouge, LA 70809
Baton Rouge Office
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1401 McKeen Pl., Monroe, LA 71201
Shadow Forest
Monroe Pair
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