Sold October 2024
Legacy @ Twenty20 is a 212-unit Class A community located in Gonzales, Louisiana. Gonzales resides in Ascension Parish and places residents in the heart of Louisiana's best demographic region, minutes from downtown Baton Rouge and 45 minutes from New Orleans. Ascension Parish is home to some of the state's top-rated schools and is adjacent to the Geismar Economic Corridor with 25,000+ jobs and the state's highest average salaries. The Tanger Outlet district contains 320K square feet of retail space, including J.Crew, Michael Kors, and Coach. Our Lady of the Lake Ascension hospital has served the area for more than four decades and has grown to 11 affiliated clinics throughout the parish.
Ascension Parish is located along the I-10 corridor, ranked #1 in Louisiana for per capita income, and #1 for median family income. The median household income in Ascension Parish is $74,748—the highest in the Baton Rouge area. The five largest employers in the Geismar-Gonzales economic corridor account for over 6100 jobs, with additional growth planned.
Legacy @ Twenty20, completed in 2019, consists of 12 residential buildings and one fully-amenitized clubhouse. The property offers one-bedroom, two-bedroom, and three-bedroom floor plans ranging from 748 square feet to 1411 square feet. Unit amenities include townhome-style design, designer finishes, hardwood-style flooring, stainless-steel energy-efficient appliances, private patio or balcony, in-home washer and dryer, multiple garage options, and built-in desks with granite countertops in most units. The community amenity package includes a resort-style swimming pool, outdoor barbeque area, 24-hour fitness center, car care center, pet playground, gated entrance, and mail receiving area.
Hawthorne Management assumed property management services at closing. ApexOne Multifamily Special Situation Fund IV, LP purchased Legacy @ Twenty20 apartments and will hold long-term to capture growth and appreciation.