R. W. Day & Associates offers a simple solution to the grueling process of applying and qualifying for an investment visa EB5. Our experience stems from developing apartments. We have a legal team with a proven track record in place as well as other professionals required to guide you through this journey towards your new life in America. We understand the difficulties faced with assimilating to a new culture added to the burden of running a successful business. The right business opportunity is important in helping one acquire a green card. Our research and experience has lead us to establish investment opportunities in the form of Apartment Investment Visa EB5.
The Baton Rouge Multifamily Apartment Market is enjoying a high Occupancy Rate, across the board, in all Classes, while Class A non-student Complexes are experiencing ever increasing demand.
The project of Pelican Lakes Apartments has been designed and carefully planned architecturally as a “unique non-student Class A professionally oriented” development, with large expansive units of one, two and three bedrooms. The development is designed with the use of high quality, energy efficient materials and finishes to minimize future maintenance and to set the product apart from competitors. In addition to the big unit sizes, the apartments have been designed with large storage spaces, amenities, and secure semi direct access parking. As R. W. Day is one of the “leading Owner/Managers of Student Housing in the LSU Market” extreme care and detailed planning and design has been expended to differentiate Pelican Lakes Apartments from LSU area Student Housing Multifamily Properties”, including R.W.Day’s own Southgate Towers Student Midrise (8 Stories with Garage, 343 units, and retail located several miles to the north adjoining LSU’s Campus).
While area Student Properties have experienced an explosion of growth over the past few years, few Professional Class A Properties in the particular submarket have been added to the supply, and those which have entered the market are enjoying rapid absorption at Rental Rates averaging $1.50 to $1.75 plus per SF per month, with Occupancy levels in the 95% to 100% range over the past year. When Rent Comps in the 6 to 10-year Age Group are included, Average Rents per SF “blend” to an average of $1.37 per SF. The Single-Family Home Market in the Baton Rouge Metro is strong and classified as a “Sellers’ Market” by area professionals, due to strong demand at increasing price levels, and supply levels lower than that necessary to meet demand. Additionally, employment levels in Baton Rouge lead the State and Gulf South Region and are projected to continue on its strong pace. It should be noted, the proposed Pelican Lakes development “is in no way a Student Housing Property”, rather it is a Class A Conventional Development.
Unlike other area new Class A Multifamily Adult Developments, Pelican Lakes Apartment Floor Plans are much larger, more spacious units, and proposed rents for Pelican Lakes are planned to be $1.26/ SF for much more spacious units with Tunnel Form Concrete design as opposed to “Stick/Brick units in the Competitive Set, now generating $1.37 /SF plus Rental Rates”). This is anticipated to create a huge competitive advantage for Pelican Lakes over the Competitive Set. A Market Study provided by MRC of Frisco, TX supports the Pelican Lakes Proforma Rental Rates.