Classic, Spacious Unit Mix: Constructed in the early 1970s, Fox Trail and South Pointe offer an attractive variety of spacious one-, two-, and three-bedroom floorplans to cater to diverse tenant needs. The combined 248 units at the properties average more than 833 square feet per unit and offer residents a classic architectural style.
Attractive Investment Positioning: The properties average below-market rents at $687, allowing new ownership to implement moderate property upgrades and realize significant rental upside. With current occupancy in the mid-50% range, there is substantial room for increased revenue through strategic property management efforts.
In-Demand Industries and Sophisticated Workforce: Shreveport offers plenty of opportunity for its growing population. Healthcare, manufacturing, military, and education jobs define the local economy with respected companies such as Willis- Knighton, Barksdale Air Force Base, General Dynamics, and the Louisiana State University system.
Economic Investment: Business investment in Shreveport demonstrates the appeal of this central location. With over $300 million invested in new development and more than 2,500 jobs created by companies such as Amazon, American Electric Power, and SkyWest Airlines, the demand for local employees will remain elevated.