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EB-5 VISA APARTMENT INVESTMENT IN BATON ROUGE, LA

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Pelican Lakes is 323 Unit Apartment Community in Baton Rouge, LA
Summary

Pelican Lakes EB5 Visa Apartment Investment, a 323 unit “Class A” luxury apartment community located in Baton Rouge, Louisiana. The ±23-acre development site is located at the intersection of Burbank Drive and Pelican Lakes Parkway in East Parish and is approved for 323 market-rate apartments, within 29 two- and three-story garden style buildings, with 533 parking spaces (1.65 per unit) which includes 75 garages. The property will feature concrete tunnel form construction creating a highly energy efficient building.

The Baton Rouge market experienced extremely positive conditions following significant flooding in 2016 which constrained the housing stock, with occupancy rising close to 100%. What was presumed to be  a temporary situation is becoming a more permanent opportunity given that former owners are now renters-by-choice. Designed to accommodate theses renters-by-choice, the Property will distinguish itself from competitors with significantly larger units featuring storage and loft space, private ground floor entrance to all units, and high-quality finishes. Furthermore, the community will feature a full amenity package including, but not limited to, Clubhouse with Leasing Center, Gaming/Media/Multi-Purpose Room, Fitness Center, Resort Style Pool, Outdoor Fire Place & Kitchen, Internet Café & chef kitchen, Outdoor Grilling Centers, Business Center, and a Car Care Center.

EB5 Visa Apartment Investment Highlights 

 Strong Local Sponsorship

R.W. Day & Associates has a long history of demonstrated success in the Baton Rouge market and have been recognized locally with numerous awards and honors.

R.W. Day & Associates is a diversified Baton Rouge, Louisiana based real estate owner, manager and developer that owns, operates and manages approximately 600 apartment residences. In addition, 69 acres are in the design and development phase.

The achievements of RW Day & Associates are marked by a commitment to excellence, not just in the quality of workmanship, but in the care that is taken    to create a sense of community. Through a unique brand of thoughtful planning, blending aesthetics and functionality, the company strives to make the most attractive, dynamic, and functional community possible. The resulting developments, coupled with outstanding service, have built an unparalleled reputation for success for RW Day & Associates.

R.W. Day & Associates is committed to developments that contribute to the community and create a better quality of life. In addition to the unique style of blending form and function into the physical design and construction of each project, customer centered management of each completed development is central to the design process. As a legacy builder who builds to own for the long-term duration, all projects are built with quality to withstand the test of time.

Market Leading

Construction team and post completion management team.

Baton Rouge’s oldest active building general contracting firm, Buquet & LeBlanc was established in 1945 by Al Buquet and Elegie LeBlanc. Buquet & LeBlanc quickly established a reputation of quality, integrity, and dependability.

Forty-Two LLC is a multifamily property management, development, and consulting firm built on a heightened commitment to strong net operating income growth with a focus on critical metric analysis that significantly increases total asset revenue performance. Forty-Two manages The Landing on Bayou Cane, a 240 unit garden- style rental community located near Pelican Lakes in Southern Louisiana.

Plan Approval

323 market rate apartments.

Construction on Schedule

Unencumbered land with site work underway

Fugleberg Koch is an internationally practicing firm located in Winter Park, Florida offering Architecture, Interior Architecture, Interior design, land planning, urban design and development consulting.

SCA a leader in structural design and engineering services for both national and international clients.

MiGre Engineers, LLC is a Mechanical, Electrical, Fire Projection, and Plumbing (MEFP) Design Engineering Firm professionally registered in 24 States.

Strong Multifamily Fundamentals

Robert W. Day, President

Robert grew up in Baton Rouge and received his higher education at Louisiana State University. His devotion to the area is evident in every venture that he and his company have undertaken. Mr. Day began his real estate firm with two small condominiums. He personally worked in every position and has grown his firm with a very “hands on” approach, allowing direct access to intimate details of each asset.