The District

The District Apartment Complex is located at 5500 Perkins Road in the heart of Baton Rouge, Louisiana’s desirable Mid City South area. This location offers residents a prime blend of urban convenience and lifestyle amenities, making it one of the most sought-after addresses in the city. Key Nearby Highlights: High-End Shopping & Dining: The District sits just minutes from Perkins Rowe, an upscale mixed-use destination featuring premium retail brands (like Anthropologie and Urban Outfitters), boutiques, a full-service movie theater, and a wide variety of restaurants ranging from casual to fine dining. In addition, the Acadian-Perkins Plaza and Southdowns Shopping Center are nearby, offering easy access to essentials and unique local shops. Health District: The complex is located within close proximity to Baton Rouge’s Health District, including Our Lady of the Lake Regional Medical Center, Baton Rouge General – Bluebonnet Campus, and Pennington Biomedical Research Center. This provides excellent convenience for healthcare professionals, medical students, and those seeking access to top-tier health services. Louisiana State University (LSU): Just a short 5-7 minute drive down Stanford Avenue and Highland Road, LSU’s flagship campus is easily accessible, making this location ideal for students, faculty, and alumni who want to remain connected to the university community. Recreation & Green Space: Residents enjoy quick access to Baton Rouge’s scenic City Park and the LSU Lakes, perfect for walking, running, kayaking, or picnicking. The area is also near the Baton Rouge Beach, a favorite local spot for lakeside lounging, as well as the Knock Knock Children’s Museum for family-friendly fun. The District on Perkins offers luxury living in a central location that seamlessly connects residents to Baton Rouge’s best in shopping, dining, healthcare, education, and recreation.Investment Opportunity Summary: The District Apartments 5500 Perkins Road, Baton Rouge, LA 70808 The District Apartments presents a rare opportunity to acquire a Class A, institutional-quality multifamily asset in one of Baton Rouge’s most desirable submarkets. Built less than 10 years ago, this 312-unit community is surrounded by top-tier retail, dining, healthcare, and recreational amenities, and is just minutes from LSU and the Baton Rouge Health District. Pricing Guidance: $63.265M to $67.29M NOI (T12): ~$3.5M YEAR 1 PROFORMA NOI: ~$3.7M* *2% increase Gross Revenue = $100k, Reduce HR & Cleaning Expenes = $115,000 Effective Gross Income (T12): ~$5.37M Effective Gross Income (Y1 PROFORMA) ~ ~$5.47M Annual Expenses (T12): ~$1.87M Annual Expenses (Y1 PROFORMA) ~ $1.72M In-Place Occupancy: Stabilized Highlights: Strong, reliable cash flow from a stabilized and high-occupancy property. Attractive financing available at a 5.5% fixed rate with a healthy DSCR cushion. Exceptional location near LSU, top medical centers, City Park, and high-end retail. Above-market rents are supported by modern finishes, amenities, and walkability