Gulf South Multifamily · Investment Sales & Advisory
Arbor Place and Belmont Village are currently available for sale on the Westbank representing exceptional investment opportunities within this thriving economic landscape. With strategic locations and promising potential for growth and stability, these properties offer investors a gateway to participate in the ongoing prosperity of New Orleans’ Westbank.
The economic vibrancy of the Westbank is propelled by its flourishing commercial and industrial sectors. Boasting a diverse range of enterprises, from bustling retail centers to expansive office complexes and cutting-edge manufacturing facilities, the area serves as a nucleus of innovation and progress. Notable establishments such Navy Federal City Development, the Port of New Orleans, Entergy, Ochsner Health System, and Tulane University are pivotal in shaping the economic landscape, fostering an environment ripe with opportunities for growth and advancement.
Amidst this bustling economic milieu lies a rich tapestry of cultural heritage and tourist attractions, from revered landmarks like the National World War II Museum to recreational havens such as the Audubon Zoo and the culinary delights of the French Quarter. This infusion of cultural richness not only enriches the local community but also drives revenue in hospitality and tourism-related industries, further solidifying the region’s economic prosperity.
Prime Location: Both properties are conveniently situated within close proximity to each other and just a short drive from downtown New Orleans, offering tenants easy access to significant employment opportunities in the area.
Value Proposition: There is an exceptional opportunity to acquire stabilized assets at a low price per unit (PPU) compared to market rates for similar vintage assets, presenting a promising investment prospect.
Rental Upside Potential: The entire unit mix is priced well below market rental rates, providing the potential for increased rental income on units available for conventional leasing. Additionally, the rent-restricted units offer stability for occupants.
Flexibility: With the ability to pull assets out of affordable programs, there’s an opportunity to transition to conventional leasing, especially with a compliance period expiration looming in December 2024, offering flexibility and potential for increased returns.
