Magnolia Gardens Apartments
MAGNOLIA GARDENS APARTMENTS
6001 Downman Road
LOCATION
New Orleans East, New Orleans
PROPERTY TYPE
Residential
SIZE
117 Units
STATUS
Renovated 2015, sold 2017
AMENITIES
Parking
Swimming pool
Laundry room
Iris Development acquired a 117-unit multifamily property in New Orleans and improved occupancy from 32%, at acquisition, to well-over 90% within a year by rehabilitating uninhabitable units and implementing strong management. Iris received a grant from FHLB of Dallas for this project. Sold in 2017 with a restrictive covenant ensuring lasting affordability.
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New Orleans
- May 1, 2020 Soft Second Home Program
- May 2, 2020 Magnolia Gardens Apartments
- May 3, 2020 4218 South Carrollton
- May 4, 2020 Orleans Housing Investment Program
- May 20, 2020 1718 St. Ann Street
- May 22, 2020 Renaissance Oaks Apartments
- May 26, 2020 BonVi Apartments
- May 27, 2020 Housing Authority of New Orleans
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New York
- May 5, 2020 Central Harlem Scattered Sites Home Ownership
- May 6, 2020 Central Harlem Scattered Sites Rental