LAFAYETTE, SHREVEPORT AND SLIDELL, LA. — AVR Realty Co., a Yonkers, N.Y.-based multifamily investment and development firm, has sold a portfolio of nine multifamily properties totaling 2,079 units in Louisiana for approximately $250 million.
Israel-based investment firm El-Ad National Properties purchased the portfolio. According to the company's LinkedIn page, its portfolio of American properties consists of 12,700 apartment units, 1 million square feet of office space and several hotels. The holdings are spread across nine states and collectively valued at $1.2 billion.
The sale represents the disposition of nine of AVR’s 11 multifamily assets in Louisiana.
The portfolio includes four properties totaling 972 units in metro..