THE RESERVE

AT J E F F E R S O N C R O S S I N G
17232 JEFFERSON HWY | BATON ROUGE | LA 70817

CON FI D EN TIA L
OFFER I N G MEMO RA NDUM
THE SIA OFFERING PROCESS
EXCLUSIVE MARKETING ADVISORS
PROPERTY TOURS
Property tours must be scheduled in advance by contacting
Chad Rigby with a minimum of 24 hours notice. Property
tours will include a representative sampling of unit floor
plans, community amenities, and maintenance areas as
appropriate.

OFFER SUBMISSION PROCEDURE

Offers should be submitted in the form of a non-binding CHAD RIGBY, CCIM SABAN SELLERS
Letter of Intent detailing terms of the purchase including: Phone 225.329.0265 Phone 504.523.4481
Mobile 225.926.4481 Mobile 504.228.3681
Asset pricing, Inspection, due diligence and closing time crigby@stirlingprop.com ssellers@stirlingprop.com
frame, Earnest money deposit(s), and Qualifications to close.

THE PURCHASE TERMS FOR THE RESERVE AT

JEFFERSON CROSSING SHALL REQUIRE NEW
FINANCING AT CLOSING. OFFERS SHOULD BE
DELIVERED TO THE ATTENTION OF CHAD RIGBY.

The information provided in this Offering Memorandum has been

derived from sources deemed reliable. However, it is subject to
errors, omissions, price change and/or withdrawal, and no warranty
is made as to the accuracy. Further, no warranties or representation
shall be made by Stirling Properties or its agents, representatives
or affiliates regarding oral statements which have been made in
the discussion of the property. This presentation, prepared by
Stirling Properties was sent to the recipient under the assumption
that s/he is a buying principal. Any potential purchaser is advised
that s/he should either have the abstract covering the real estate
which is the subject of the contract examined by an attorney of his/
her selection, or be furnished a policy of title insurance.

2 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
 Table of Contents
EXECUTIVE SUMMARY 04
INVESTMENT HIGHLIGHTS 06

THE RESERVE
PROPERTY DESCRIPTION 08
AT J E F F E R S O N C R O S S I N G
FINANCIAL ANALYSIS 20
MARKET SUMMARY 22
RENT COMPARABLES 31

109 Northpark Blvd., Ste. 300

Covington, La 70403
Office 985.898.2022
Fax 985.898.2077
StirlingProperties.com
 THE RESERVE
AT J E F F E R S O N C R O S S I N G

EXECUTIVE
SUMMARY

4
| EXECUTIVE SUMMARY |
YEAR COMPLETED
NUMBER OF APARTMENT HOMES
NET RENTABLE AREA
AVERAGE APARTMENT HOME SIZE
NUMBER OF RESIDENTIAL BUILDINGS
NUMBER OF FLOORS
LAND AREA
DENSITY (UNITS PER ACRE)
2009 LOW INCOME PORTION
180 Units SET ASIDE PERCENTAGE
173,124 SF INCOME PERCENTAGE
962 SF PLACE IN SERVICE DATE
8 CREDIT PERIOD
2 COMPLIANCE PERIOD
10.32 Acres EXTENDED USE PERIOD
17.4 QUALIFIED COMPLIANCE PERIOD
100%
40% of Residents @ 60% AMI or less
60% AMI
4/30/09
1/1/2009 - 12/31/2018
1/1/2009 - 12/31/2023
1/1/2009 - 12/31/2038
1/1/2009 - 12/31/2043

UNIT MIX
FLOORPLAN # UNITS AVERAGE SQFT EFFECTIVE RENT
1BD/1BA 27 712 $879.52
1BD/1BA 50%H 1 712 $799.00
1BD/1BA 60%H 5 712 $723.00
1BD/1BA A 3 712 $805.00
2BD/2BA 67 953 $1,014.11
2BD/2BA 50%H 3 953 $821.00
2BD/2BA 60%H 12 953 $823.45
2BD/2BA A 2 953 $972.50
3BD/2BA 34 1,079 $1,199.70
3BD/2BA 50%H 3 1,079 $1,040.00
3BD/2BA 60%H 7 1,079 $1,101.50
3BD/2BA A 4 1,079 $965.00
4BD/2BA 5 1,304 $1,187.25
4BD/2BA 50%H 1 1,304 $1,127.00
4BD/2BA 60%H 2 1,304 $1,387.50
4BD/2BA A 4 1,304 $1,356.25
TOTAL/AVERAGE 180 962 SF $1,020

E xecutive S ummary | 5
| EXECUTIVE SUMMARY |

LIHTC RENTS BY UNIT TYPE 2023

UNIT TYPE # UNITS MAX RENT UA GROSS RENT
1 BR @ 50% AMI 1 $791 $71 $720
1 BR @ 60% AMI 35 $949 $71 $878
2 BR @ 50% AMI 3 $948 $87 $861
2 BR @ 60% AMI 81 $1,138 $87 $1,051
3 BR @ 50% AMI 2 $1,096 $99 $997
3 BR @ 60% AMI 46 $1,315 $99 $1,216
4 BR @ 50% AMI 0 $1,222 $113 $1,109
4 BR @ 60% AMI 12 $1,467 $113 $1,354
180

HOME RENTS BY UNIT TYPE 2023

UNIT TYPE # UNITS MAX RENT UA GROSS RENT
1 BR @ 50% AMI 1 $791 $71 $720
1 BR @ 60% AMI 5 $949 $71 $878
2 BR @ 50% AMI 3 $948 $87 $861
2 BR @ 60% AMI 11 $1,138 $87 $1,051
3 BR @ 50% AMI 2 $1,096 $99 $997
3 BR @ 60% AMI 6 $1,315 $99 $1,216
4 BR @ 50% AMI 0 $1,222 $113 $1,109
4 BR @ 60% AMI 2 $1,467 $113 $1,354
30

6 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
E xecutive S ummary | 7
 THE RESERVE
AT J E F F E R S O N C R O S S I N G

INVESTMENT
HIGHLIGHTS

8
| INVESTMENT HIGHLIGHTS |

STRATEGIC LOCATION WITHIN BATON

ROUGE WITH CLOSE PROXIMITY TO
MANY RETAIL CONVENIENCES, AS
WELL AS EASE OF ACCESS TO AIRLINE
HIGHWAY & INTERSTATE 10

2009 CONSTRUCTION WELL BELOW

CURRENT MARKET RATE AVERAGES
FOR SIMILAR VINTAGE IN THE MARKET

ACCESS TO EXCELLENT GRADE

SCHOOLS AS WELL AS HIGHER
EDUCATION

OUTSTANDING BATON ROUGE

ECONOMIC FUNDAMENTALS WITH
THE ABILITY TO ACQUIRE 2000’S
VINTAGE SIGNIFICANTLY BELOW
REPLACEMENT COST

I nvestment H ighlights | 9
 THE RESERVE
AT J E F F E R S O N C R O S S I N G

PROPERTY
DESCRIPTION

10
| P R O P E R T Y D E TA I L S |

GENERAL INFORMATION

Year Built 2009

Total Units 180

Total Square Feet 173,124 SF

Average SF 962 SF

No. Floors 3

Exterior Walls/Facade Brick/Hardie

Windows Original

Floors Carpet/Vinyl

TAXING AUTHORITY

Jurisdiction East Baton Rouge Parish

Real Estate ID Number 1986163

2023 Millage Rate 115.9

2023 Assessed Value 1053800

P roperty D escription | 11
| AMENITIES |

U N I Q U E F E AT U R E S

• Central Location • Dark Cherry Wood

Cabinetry
• Fun-Filled Playground
• Sparkling Swimming Pool
• Convenient Fitness Center
• Convenient Ceiling Fans
• GE Black Kitchen
Appliance Package • Effortless Parking

• Lush Landscaping • Professional Management

• Maintenance-Free Lifestyle

• Resident Clubroom

COMMUNITY AMENITIES

• Business Center • Playground

• Clubhouse • Gated

• Fitness Center

• Pool

12 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
P roperty D escription | 13
| U N I T F LO O R P L A N S |

1 Bedroom/ 1 Bath 2 Bedroom/ 2 Bath

721 SQFT 953 SQFT

14 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
3 Bedroom/ 2 Bath 4 Bedroom/ 2 Bath
1,079 SQFT 1,304 SQFT

P roperty D escription | 15
16 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
A PA R T M E N T A M E N I T I E S

• High-Speed • Sprinkler System

Internet Access
• Dishwasher
• Washer/Dryer Hookup
• Disposal
• Air Conditioning
• Oven
• Heating
• Ceiling Fans
• Cable Ready
• Tub/Shower

P roperty D escription | 17
| LO C A L D E M O G RA P H I C S |

1 mi radius 3 mi radius 5 mi radius

Population (2023) 5,920 38,215 99,804
Households (2023) 2,571 14,891 40,102
Average Household Income (2023) $181,028 $163,611 $138,818

Shenandoah

61

Old Jefferson

THE RESERVE
AT J E F F E R S O N C R O S S I N G

1 mile 3 mile 5 mile

61

Prairieville

18 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
P roperty D escription | 19
 THE RESERVE
AT J E F F E R S O N C R O S S I N G

FINANCIAL
A N A LY S I S

20
| F I N A N C I A L A N A LY S I S |

ANNUALIZED HISTORICAL FINANCIALS AND PRO FORMA ASSUMPTIONS

INCOME % GSR
Gross Scheduled Rent $2,352,336 $1,089 $ Unit/Mth GSR based off of 12.5.2023 market rents per the rent roll
Loss-to-Lease ($117,617) 5.00% % GSR Loss to lease netting down 5%, in line with 12.5 rent roll
Gross Potential Income $2,234,719 $1,035 $ Unit/Mth

ECONOMIC LOSS 7.75%

Vacancy ($164,664) 7.00% % GSR Pro-forma assumes a vacancy of 7%, which is comparable to market occupancy for the same vintage in Baton Rouge
Concessions ($23,523) 1.00% % GSR Concessions of 1%, which is consistent with the trailing 12 month concession expenses
Bad Debt ($23,523) 1.00% % GSR Bad debt of 1%, which is consistent with trailing 12 month bad debt expense of (1.17%)
Non-Revenue Units ($11,291) 0.48% % GSR One unit utilizied as a non revenue unit
Total Rental Income $2,011,718 $931 $ Unit/Mth

OTHER INCOME
Other Income $117,000 $650 $ Unit/Yr $650/unit other income, which is comparable to T12 financials
RUBS Income $0 $0 $ Unit/Yr
Total Other Income $117,000 $54 $ Unit/Mth

Effective Gross Income $1,511,830 $926 $ Unit/Mth

EXPENSES
Personnel $270,000 $1,500 $ Unit/Yr $1,500/unit personnel, which is consistent with the T12 financials. There is a slight trend below $1,500/unit on the T6/T3 finacials.
Repairs and Maintenance $54,000 $300 $ Unit/Yr Consistent with the T12 and expect to remain relatively unchanged
Contract Services $72,000 $400 $ Unit/Yr Consistent with the T12, however there is a trend to lowered contract service expenses per the T6 & T3 financials
Turnover/Make-Ready $27,000 $150 $ Unit/Yr Turnover of $150/unit which is standard market and $100/unit below T12 expenses
Advertising/Marketing $22,500 $125 $ Unit/Yr Standard market advertising costs, slightly above the $81/unit advertising on the T12
Administrative $36,000 $200 $ Unit/Yr $200 admin costs, which is in line with T12 financials and expect to remain relatively unchaged
Utilities $180,000 $1,000 $ Unit/Yr $1,000/unit which is in line with T12, there is a trend on lowered utility expenses on the T6 & T3 to $850/unit
Total Controllable Expenses $661,500 $3,675 $ Unit/Yr

Ad-Valorem Taxes $121,695 $676 $ Unit/Yr

Management Fee $85,149 4.00% % EGI 4% management fee, standard for a deal this size and in line with current management cost
$1,200/unit insurance. We are seeing a wider range of insurance expense in the market, however BR has seen low to
Insurance $216,000 $1,200 $ Unit/Yr mid $1,000's/unit in insurance costs.
Total Uncontrollable Expenses $422,844 $2,349 $ Unit/Yr
Total Expenses $1,084,344 $6,024 $ Unit/Yr

Net Operating Income $1,044,374 $5,802 $ Unit/Yr

F inancial A nalysis | 21
 THE RESERVE
AT J E F F E R S O N C R O S S I N G

MARKET
SUMMARY

22
| BATON ROUGE ECONOMY - DIVERSIFIED AND DYNAMIC |

#2 Diversified Economy
FASTEST GROWNING MSA IN THE STATE Job Distribution
-Louisiana Economic Outlook 2022-2023
Trade, Transportation & Utilities - 17%

+16K
Goverment - 18%
Education & Health Services - 13%
Construction - 13%
JOBS TO BE ADDED IN 2022 (4.2%) Professional & Business Services - 11%
-Louisiana Economic Outlook 2022-2023 Leisure & Hospitality - 10%

1 ST
Manufacturing - 7%
Other Services - 4%
Financial Acitivities - 5%
Information - 1%
TOP 10 MISSISSIPPI RIVER
CORRIDOR METROS
-Site Selection Magazine

Baton Rouge Gross Regional Product Outperforming Peer Cities

$70,000

$65,000
UNITED STATES $62,048
$60,000

$55,000

$50,000

$45,000

$40,000
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M arket S ummary | 23
| BATON ROUGE'S UNIQUE BALANCE OF EMPLOYMENT |
Baton Rouge has a balance of dynamic industries such as energy, petrochemicals and man-
ufacturing in tandem with the stability of education, healthcare and goverment employers

Our Lady of the Lake Medical Center

7,300 Employees

Louisiana State University

5,200 Employees

Exxon Mobile
4,000 Employees

24 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
Baton Rouge's Economic Key Developments
Resurgence as Emerging Tech Hub Driving the
Healthcare Industry
Projects under construction
Ochsner Health
System
• Recently Opened
• 155K SF Medical
Office Building

3.5M SF Robotics • 30K SF

$2.8B Investment
Phase 1 (SPP3 - $1.3B) - Complete
Phase 2 (SPP4 - $1.5B) - Underway
(280 total employment)
530 Total Jobs
$86K Avg Salary
Fulfullment Center Surgical Hospital
$1.4B Investment
$200M Investment • $110M Investment
25 Additional Jobs • 450 Permanent/
1,000 - 3,600
Additional Jobs High-Paying Jobs
$80k Avg Salary Amazon purchased another 63-Acre Site in
Port Allen for a sorting center
(300 add'l employees)

$1.2B Investment $1B Investment

$1.2B Investment
(To Triple Its Size)
Across 3 Projects
25 Additional Jobs
(700 Total Employment) 125 Additional Jobs
65 Additional Jobs
(3,800 Total Employment)
$100K Avg Salary $100 Avg. Salary

M arket S ummary | 25
 $14B+ IN PLANNED/ PROPOSED INVESTMENTS. BATON ROUGE IS POISED TO
EXPERIENCE IT'S GREATEST POST RECESSION EXPANSION
-Louisiana Economic Outlook 2022-2023

"Louisiana, the city of Baton Rouge and LSU have just been
a phenomenal group to do business with, and that's why
Emerging we are continuing to grow here."

Tech Hub
-Mike Robinson, Head of Worldwide Quality Assurance, Electronic Arts

IBM National cybersecurity LSU Digital Media Center

powerhouse, Pal Alto Networks.
recently acquired BR-Based
Twistlock, headquartered in
LSU's innovation Park

Our Lady of the Lake

Children's Hospital
• 1000+ Bed Hospital
• Brand New
$230M Children's
Hospital Expansion
with over 150
800 Employee Goal 94K SF - $30M
• Pediatricians and
family practitioners Digital Media Center

• Treats 350,000 $125M in Home to Electronic Arts'

Patients/Year Employee Payroll North American Testing Site
LSU Innovation Park

26 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
| STATE GOVERNMENT |
Baton Rouge is Louisiana's Capital and Boasts Over 4,000 Employees

M arket S ummary | 27
THE RESERVE
AT J E F F E R S O N C R O S S I N G

R E N TA L
C O M PA R A B L E S
| R E N T C O M PA R A B L E A N A L Y S I S |

R E N T C O M PA R A B L E S

YEAR TOTAL AVERAGE UNIT EFFECTIVE EFFECTIVE

PROPERTY NAME ADDRESS STORIES
BUILT UNITS SIZE (SF) RENT RPSF
BRISTOL PLACE 5960 Siegen Ln, Baton Rouge, LA 70809 3 2008 312 903 $1,239 $1.37

EVERGREEN AT TUSCANY VILLAS* 10732 S Mall Dr, Baton Rouge, LA 70809 3 2008 274 834 $1,408 $1.69

HIGHLAND CLUB 17505 Jefferson Hwy, Baton Rouge, LA 70817 2 2007 279 1,162 $1,381 $1.19

INDIGO PARK 11959 Nicholson Dr, Baton Rouge, LA 70810 4 2008 318 1,150 $1,294 $1.13

IVY PARK APARTMENTS I 6444 Jones Creek Rd, Baton Rouge, LA 70817 3 2007 252 1,033 $1,161 $1.12

*Non-same-store property

Comp Set Rental Revenue Index

C O M P S E T R E N TA L R E V E N U E I N D E X
1.01

1.00

0.99

0.98

0.97

0.96

0.95

0.94

0.93
Nov 22 Dec 22 Jan 23 Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23

R ent C omparables | 29
RRI
| R E N T C O M PA R A B L E M A P |

RENT COMPARABLES
1. Bristol Place
2. Evergreen at Tuscany Villas
3. Highland Club
4. Indigo Park
5. Ivy Park Apartments I

1 5

THE RESERVE
AT J E F F E R S O N C R O S S I N G
2

30 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
| B R I STO L P L AC E |
C O M PA R A B L E # 1 U N I T M I X & R E N TA L R AT E S
5960 Siegen Lane
Baton Rouge, LA 70809
# AVG. ASKING ASKING EFFECTIVE EFFECTIVE
FLOORPLAN
UNITS SQ FT RENT RPSF RENT RPSF
P R O P E R T Y I N F O R M AT I O N
Total Units 312 1BD/1BA 72 721 $1,149 $1.59 $1,107 $1.54
Year Built 2008 1BD/1BA 24 726 $1,149 $1.58 $1,107 $1.52
Avg. Unit Size 903 SF 1BD/1BA 72 740 $1,165 $1.57 $1,123 $1.52
Stories 3
2BD/1BA 24 1,013 $1,261 $1.24 $1,219 $1.20
Occupancy 96%
2BD/2BA 48 1,028 $1,445 $1.41 $1,403 $1.36
Status Stabilized
2BD/2BA 24 1,028 $1,470 $1.43 $1,428 $1.39
Asking Rent $1,281
Asking RPSF $1.42 2BD/2BA 24 1,242 $1,492 $1.20 $1,450 $1.17
Effective Rent $1,239 2BD/2BA 24 1,291 $1,445 $1.12 $1,403 $1.09
Effective RPSF $1.37 TOTAL/AVG. 312 903 $1,281 $1.42 $1,239 $1.37
Concession $42

R ent C omparables | 31
| E V E R G R E E N AT T U S C A N Y V I L L A S |
C O M PA R A B L E # 2 U N I T M I X & R E N TA L R AT E S
10732 S. Mall Drive
Baton Rouge, LA 70809
# AVG. ASKING ASKING EFFECTIVE EFFECTIVE
FLOORPLAN
UNITS SQ FT RENT RPSF RENT RPSF
P R O P E R T Y I N F O R M AT I O N
Total Units 274 1BD/1BA 36 642 $1,235 $1.92 $1,235 $1.92
Year Built 2008 1BD/1BA 60 706 $1,270 $1.80 $1,270 $1.80
Avg. Unit Size 834 SF 1BD/1BA 60 750 $1,295 $1.73 $1,295 $1.73
Stories 3
2BD/1BA 48 874 $1,425 $1.63 $1,425 $1.63
Occupancy 85%
2BD/2BA 58 1,059 $1,680 $1.59 $1,680 $1.59
Status Stabilized
3BD/2BA 12 1,223 $1,799 $1.47 $1,799 $1.47
Asking Rent $1,408
Asking RPSF $1.69 TOTAL/AVG. 274 834 $1,408 $1.69 $1,408 $1.69
Effective Rent $1,408
Effective RPSF $1.69
Concession $0

32 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
| HIGHLAND CLUB |
C O M PA R A B L E # 3 U N I T M I X & R E N TA L R AT E S
17505 Jefferson Highway
Baton Rouge, LA 70817
# AVG. ASKING ASKING EFFECTIVE EFFECTIVE
FLOORPLAN
UNITS SQ FT RENT RPSF RENT RPSF
P R O P E R T Y I N F O R M AT I O N
Total Units 279 1BD/1BA 1 739 $1,222 $1.65 $1,222 $1.65
Year Built 2007 1BD/1BA 12 761 $1,397 $1.84 $1,397 $1.84
Avg. Unit Size 1,162 SF 1BD/1BA 84 882 $1,335 $1.51 $1,335 $1.51
Stories 2
1BD/1BA 1 1,018 $1,310 $1.29 $1,310 $1.29
Occupancy 90%
2BD/1BA 1 1,185 $1,352 $1.14 $1,352 $1.14
Status Stabilized
2BD/2BA 12 1,036 $1,547 $1.49 $1,547 $1.49
Asking Rent $1,381
Asking RPSF $1.19 2BD/2BA 8 1,176 $1,537 $1.31 $1,537 $1.31
Effective Rent $1,381 2BD/2BA 144 1,342 $1,352 $1.01 $1,352 $1.01
Effective RPSF $1.19 3BD/2BA 16 1,441 $1,677 $1.16 $1,677 $1.16
Concession $0 TOTAL/AVG. 279 1,162 $1,381 $1.19 $1,381 $1.19

R ent C omparables | 33
| I N D I G O PA R K | U N I T M I X & R E N TA L R AT E S

# AVG. ASKING ASKING EFFECTIVE EFFECTIVE

FLOORPLAN
UNITS SQ FT RENT RPSF RENT RPSF
C O M PA R A B L E # 4
11959 Nicholson Drive EFFICIENCY 3 662 $1,020 $1.54 $1,020 $1.54
Baton Rouge, LA 70810
EFFICIENCY 96 905 $1,229 $1.36 $1,229 $1.36
P R O P E R T Y I N F O R M AT I O N 1BD/1BA 6 746 $996 $1.34 $996 $1.34

Total Units 318 1BD/1BA 6 810 $1,110 $1.37 $1,110 $1.37

Year Built 2008 2BD/2BA 20 1,029 $1,265 $1.23 $1,265 $1.23
Avg. Unit Size 1,150 SF 2BD/2BA 16 1,073 $1,339 $1.25 $1,339 $1.25
Stories 4 2BD/2BA 3 1,080 $1,205 $1.12 $1,205 $1.12
Occupancy 94% 2BD/2BA 16 1,234 $1,229 $1.00 $1,229 $1.00
Status Stabilized 2BD/2BA 24 1,249 $1,399 $1.12 $1,399 $1.12
Asking Rent $1,294
2BD/2BA 48 1,268 $1,325 $1.04 $1,325 $1.04
Asking RPSF $1.13
2BD/2BA 24 1,394 $1,314 $0.94 $1,314 $0.94
Effective Rent $1,294
3BD/2BA 16 1,417 $1,335 $0.94 $1,335 $0.94
Effective RPSF $1.13
Concession $0 3BD/2BA 16 1,455 $1,534 $1.05 $1,534 $1.05
3BD/2BA 16 1,523 $1,324 $0.87 $1,324 $0.87
3BD/2BA 8 1,535 $1,509 $0.98 $1,509 $0.98
TOTAL/AVG. 318 1,150 $1,294 $1.13 $1,294 $1.13

34 | T H E R E S E R V E AT J E F F E R S O N C R O S S I N G
| I V Y PA R K A PA R T M E N T S I | U N I T M I X & R E N TA L R AT E S

# AVG. ASKING ASKING EFFECTIVE EFFECTIVE

FLOORPLAN
UNITS SQ FT RENT RPSF RENT RPSF
C O M PA R A B L E # 5
6444 Jones Creek Road 1BD/1BA 24 773 $959 $1.24 $959 $1.24
Baton Rouge, LA 70817 1BD/1BA 28 793 $1,005 $1.27 $1,005 $1.27
1BD/1BA 20 797 $979 $1.23 $979 $1.23
P R O P E R T Y I N F O R M AT I O N
1BD/1BA 20 804 $999 $1.24 $916 $1.14
Total Units 252
1BD/1BA 20 908 $1,134 $1.25 $1,134 $1.25
Year Built 2007
Avg. Unit Size 1,033 SF 2BD/2BA 20 1,077 $1,199 $1.11 $1,099 $1.02
Stories 3 2BD/2BA 28 1,117 $1,149 $1.03 $1,149 $1.03
Occupancy 95% 2BD/2BA 4 1,158 $1,209 $1.04 $1,209 $1.04
Status Stabilized 2BD/2BA 16 1,198 $1,225 $1.02 $1,225 $1.02
Asking Rent $1,183 2BD/2BA 28 1,213 $1,464 $1.21 $1,464 $1.21
Asking RPSF $1.15 2BD/2BA 4 1,217 $1,449 $1.19 $1,449 $1.19
Effective Rent $1,161
2BD/2BA 16 1,265 $1,299 $1.03 $1,191 $0.94
Effective RPSF $1.12
2BD/2BA 4 1,314 $1,454 $1.11 $1,454 $1.11
Concession $22
3BD/2BA 8 1,363 $1,574 $1.15 $1,574 $1.15
3BD/2BA 12 1,469 $1,509 $1.03 $1,509 $1.03
TOTAL/AVG. 252 1,033 $1,183 $1.15 $1,161 $1.12

R ent C omparables | 35
THE RESERVE
AT J E F F E R S O N C R O S S I N G

109 Northpark Boulevard, Suite 300

Covington, LA 70433

985.898.2022 office
985.898.2077 fax
StirlingProperties.com