Gulf South Multifamily · Investment Sales & Advisory
OPPORTUNITY TO CONVERT TO FULLY CONVENTIONAL MULTIFAMILY
The Mandell has completed the Qualified Contract (“QC”) process and is currently within the
decontrol period of its regulatory agreement, providing new ownership with the ability to
transition the property from affordable housing to a fully conventional, market-rate community.
This transition creates a compelling opportunity to capture market-rate rents and reposition the
asset within the Denham Springs multifamily market.
RECENT CAPITAL IMPROVEMENTS WITH ATTRACTIVE RESIDENT AMENITY PACKAGE
The Mandell has benefited from recent renovations and offers a comprehensive amenity package
designed to appeal to today’s renter base. Apartment homes feature energy-efficient appliances,
wood-style flooring, walk-in closets, private patios or balconies, and washer/dryer connections.
Community amenities include a renovated clubhouse, fitness center, swimming pool, business center,
and dog park, providing new ownership with a well-positioned asset and interior renovation upside.
STRATEGIC LOCATION WITH FAVORABLE SUBMARKET FUNDAMENTALS
Located in Denham Springs, The Mandell benefits from the appeal of suburban Livingston Parish
while maintaining convenient access to the broader Baton Rouge employment base. Continued
residential and commercial growth, relative affordability, and proximity to Baton Rouge support
sustained rental demand and position the property to capitalize on its transition to conventional
operations.
