Gulf South Multifamily · Investment Sales & Advisory
The opportunity exists to acquire Copper Ridge at a compelling value-add basis while
benefiting from significant recent operational progress. Although the property is currently
21% occupied, leasing velocity has accelerated as renovated units have come online and
major ticket capex items have now been completed. The asset is in strong physical condition
following extensive improvements, providing a clean slate for new ownership to continue the
value-add strategy implemented thus far and stabilize the property to market-rate occupancy.
Substantial Recent Capital Improvements:
Current ownership has invested nearly $3 million in capital improvements, significantly
enhancing the property and reducing near-term capital requirements for a new owner. Major
improvements completed include full roof replacement, staircase replacements, parking lot
repairs and striping, plumbing repairs, HVAC replacements, landscaping improvements, and
interior unit renovations, leaving minimal large-scale deferred maintenance items remaining.
Significant Rent Growth Opportunity:
In-place rents remain approximately $150 below the average rents of comparable late-
1970s/1980s vintage multifamily assets within a three-mile radius, presenting a clear
opportunity for continued rent growth as additional renovated units are leased and the asset
stabilizes under new ownership.
Strong Baton Rouge Market Fundamentals:
Baton Rouge continues to benefit from a diverse and stable employment base anchored by
major institutions such as Louisiana State University, ExxonMobil, the petrochemical corridor,
and leading regional healthcare systems. These economic drivers support consistent
population stability and sustained rental demand, making the market attractive for long-term
multifamily investment.
