The asset involved in this transaction is Riverside Oaks Apartments, a multifamily property located at 109 Southfield Road in Shreveport, LA. The sale was finalized for a total of $9,500,000, encompassing 185 units with a price per unit of $51,351. The property is set to undergo a $4 million renovation, which will include enhancements to the pool, dog park, and interiors, with construction set to begin immediately.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,500,000
• Units: 185
• Price Per Unit: $51,351
• Renovation Budget: $4,000,000
• Broker Representatives: John Hamilton - Marcus & Millichap, Max Custer, Michael Mataras & Thomas (Tom) Didio - JLL
• Buyer: Reynolds Asset Management & Slabotsky Family Office

The deal involved Reynolds Asset Management and Slabotsky Family Office as the buyers, with John Hamilton from Marcus & Millichap representing them alongside brokers Max Custer, Michael Mataras, and Thomas (Tom) Didio from JLL. This transaction showcases a significant collaboration among these key players in the multifamily real estate market.