LTL Investments Inc. has announced the acquisition of Royal Palms, a multifamily property in Baton Rouge, Louisiana. The property was acquired for an undisclosed amount and will be managed by LTL Investments as well. This marks the fourth acquisition for LTL Investments this year and brings their total portfolio to over 100,000 units.
“We are excited to add Royal Palms to our growing portfolio,” said CEO of LTL Investments, Lyle Lansdell. “This is a well-maintained asset with a great location that will be a valuable addition to our business.”
The property features 126 units across six buildings and offers resident amenities such as a swimming pool, clubhouse, and fitness center. It is also located near major employers and universities, making it an attractive option for renters in the area.
The LTL Family of Companies is a vertically integrated multifamily operation that invests, owns, develops and manages nationwide. It is the LTL approach that separates it from other companies with more than $8 billion of experience. Established in 1995, LTL Investments has an outstanding record of success with more than 100,000 units throughout the nation. Whether acquisitions with owners or investors, or value-enhanced property and asset management, the name LTL is synonymous with multifamily experts.
