Gregg Cordaro
Managing Director
Gregg.Cordaro@berkadia.com
1 225 922 4587
Investment Sales
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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.
© 2024 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.
PHOTO GALLERY
Berkadia is pleased to present The Chateaus, a 109 unit single-family-for-rent community in Lafayette, Louisiana. Completed in 2023 by premier homebuilder D.R. Horton as one of the only Build-To-Rent communities in the submarket, The Chateaus presents an attractive mix of three and four-bedroom homes. All units feature thoughtfully designed floorplans with private backyards, attached two-car garages, and modern conveniences within the community. Employment and demographic fundamentals in Lafayette as well as a strong lease up to date have positioned The Chateaus for success. Single-family rental communities have continued to prove out nationally as a high performing asset class with record demand, strong leasing, and high resident retention.
Total Purchase Price: Determined by Market
The Opportunity
The Chateaus is one of the few Single-Family-For Rent communities in Lafayette and the greater Louisiana MSA, providing a competitive leasing advantage.
Premier Location:
The North Lafayette submarket location, above Interstate-10, positions the offering in a limited competition area with a lack of rental options.
Limited Submarket Competition:
With 25% of Lafayette’s population in the key renter pool and only 20% of Lafayette developments categorized as A / B Class, The Chateaus has produced a strong lease up to date and positioned itself for long term success.
Positive Market Demographics and Housing Stock:
The Chateaus benefits from a 10-mile proximity to downtown Lafayette which includes- a 994,000 SF shopping destination, vibrant downtown scene featuring 1,400+ performances annually, and arts center boasting 300,000 annual visitors.
Proximity to Downtown Lafayette:
Lafayette hosts a strong, diversified group of employers focused on healthcare, logistics, and education. A major Amazon Fulfillment center is located within 5 miles of The Chateaus, further enhancing investment potential.
Employment Demand Drivers:
The University is a short 10 minute drive and hosts a student population of 15,000+. 76% of student lived off-campus during the 2023 academic year putting consistent pressure on housing supply. Go UL!
University of Louisiana Lafayette:
Completed in 2023, The Chateaus consists of 109 spacious, single-family homes averaging 1,582 feet. The homes feature private yards, two-car garages, lawn service, and smart home features.
Best-in-Class, D.R. Horton Built Community
INVESTMENT HIGHLIGHTS
100 YARDLEY COURT | LAFAYETTE, LA 70507
109
units
2023
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Mark Forrester
Senior Managing Director
Mark.Forrester@berkadia.com
602.526.4800
Andrew curtis
Director
Andrew.Curtis@berkadia.com
602.571.4190