New Orleans

Lafayette apartment complex sold again, this time for $42.4 million | Business – New Orleans, Louisiana

New Orleans, Louisiana 2021-12-01 10:41:00 –

The South Lafayette apartment complex, started by two Lafayette lawyers, has been sold again. This time it was $ 42.4 million.

The 220-unit, 250-square-foot development of Polly Lane’s La Veranda, which opened in 2017, was sold to the New York-based Kushner Properties by former owner Waypoint Residential, land records show.

Waypoint, based in Connecticut, purchased properties from Rickey Miniex and Clyde Semien in 2019. Rickey Miniex and Clyde Semien also owned the Staybridge Suites Hotel on 129 Kaliste Saloom Road for $ 31.1 million in 2019. Miniex and Semien owned the property under the company name O’. Brien Group of Baton Rouge LLC also sold Staybridge Suites to a Florida company in 2019.

Kushner Companies has a portfolio of 17,000 units and approximately 10 million square feet of retail, office, industry, hospitality assets, and over $ 15 billion in assets, according to its website. Report shows.. The company was once headed by Jared Kushner, his son-in-law and former adviser to former President Donald Trump.



Lafayette apartment complex sold again, this time for $42.4 million | Business Source link Lafayette apartment complex sold again, this time for $42.4 million | Business

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