For Immediate Release – Wickatunk, NJ, Dec. 14th, 2021
The 276-unit property is part of the Long Farm Village masterplan, 235-acre mixed-use development 15 miles S.E. of Baton Rouge. The community is 3 miles from Woman’s Hospital & 12 miles from LSU.
- Tapestry Long Farm is a Class A community in the Long Farm Village master plan. Built in 2017, it is less than 6 miles from the city’s most active medical campus and in close proximity to the region’s major employers. It features a mix of one-, two-, and three- bedroom floor plans with luxurious interior finishes and high-end amenities, such as a fitness center, a business center, an auto center, a pet park and grooming station, a sports pub, a swimming pool, and a yoga and spin studio.
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Baton Rouge is an often-overlooked investment market with solid fundamentals poised for substantial long-term growth. Driven by healthcare, education and government, the city’s employment is steadily growing, supporting a strong population of renters. In addition, The Port of Greater Baton Rouge in conjunction with strong chemical and industrial construction sectors add to a well-rounded and diversified local economy. Regional multifamily demand is further bolstered by limited supply, with Baton Rouge recently reporting over a two-third decrease in properties available for rent since the start of the Covid 19 pandemic.
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Tapestry Long Farm features a mix of one-, two-, and three-bedroom floor plans with luxurious interior finishes and a host of high-end amenities, including a fitness center, business center, auto car center, pet park and grooming station, sports pub, swimming pool, and yoga and spin studio, among others.
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This property’s location is irreplaceable. Backed by a well-known and respected master- plan developer, giving Passco an opportunity to enter into this developing location at an early stage. This 235-acre mixed-use development comprises high-end single family residential, as well as retail, office, and entertainment/recreation options that will drive multifamily demand from the region’s strong demographic of workers.
Since 1998, Passco Companies, LLC has operated throughout all market conditions and cycles. The company has acquired over $6.6 billion in multifamily and commercial real estate in the United States. Since its inception, Passco Companies has become a recognized provider of investment opportunities in real estate projects. “We are very happy to once again partner with Passco, 1 of the leading property sponsors in the entire country and also 1 of Amalfi’s top partners, in this project, a premier multifamily development in the hot market of Baton Rouge, LA. As the only class A property in the area, we expect to enjoy above market returns for the foreseeable future” said Mike Schnurr, m.p. of Amalfi.
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Amalfi Capital is a real estate equity firm founded in 2015 that is an investor in over 5 million square feet of property throughout the United States. Amalfi focuses on expanding its portfolio by partnering with highly experienced sponsors who are experts in their respective markets by investing in commercial & industrial assets that we believe are well positioned for above market returns over the long run. www.Amalficapital.biz – amalficapitalinfo@gmail.com