• 25-unit_7
  • 25-unit_2
  • 25-unit_3
  • 25-unit_4
  • 25-unit_6

Iris Development has acquired 25 scatter-site units in 7 properties across various neighborhoods of New Orleans. These properties were acquired sequentially between 2002 and 2007 and all underwent significant remodeling to remediate hurricane damage from Katrina’s passage in 2005. These units are now all operational and cash-flowing, and run at an average occupancy of 95%.