The Retreat at Juban "The Retreat" is a 272-unit Class A workforce housing community located in Livingston Parish in Denham Springs, Louisiana—an affluent eastern suburb of greater Baton Rouge. The Retreat is adjacent to the open-air Juban Springs shopping district, the premier shopping destination for Livingston Parish and the surrounding communities. The Retreat provides residents immediate access to retail, restaurants, entertainment venues, daily shopping needs, and an upscale Rouse grocery store.
Market fundamentals are robust in Livingston Parish. State leading demographics, strong multifamily rents and occupancies, and proximity to top employers all blend into the greater Baton Rouge area's economic resurgence.
The Retreat, completed in 2018, consists of twelve residential buildings and one fully-amenitized clubhouse on 17.28 acres. The Retreat offers studio, one-bedroom, and two-bedroom floor plans ranging from 550 square feet to 1435 square feet. Community amenities include one resort-style swimming pool, outdoor barbeque area, attached and detached garage options, onsite car-care center, gated entry, and onsite pet playground with pet spa. Interior unit amenities include townhome-style unit designs, hardwood-style flooring, island kitchen, private patios/balcony, washer-dryer, and three sizes of attached or detached garages.
Hawthorne Residential assumed management services at closing. ApexOne Multifamily Fund III, LP purchased The Retreat at Juban and will execute a light value-add program and hold long-term to capture growth and appreciation.