Poised for Success
The New Orleans market appears to be in excellent shape with strong demand without an excess of supply. A feasibility study will provide a more in-depth look at the current supply/demand of the market. Population has returned to pre-Katrina numbers and has been growing at a rate above the US average. There is also strong residential growth North (Gentilly) and South (St. Roch/Marigny) of our location.
Our intention is to complete the phased renovation by year-end 2017. After stabilization our intention is to refinance the property at the end of year five.