Looking at a multifamily property in BR

[James Maness]

I am looking at a medium to large multifamily group of complexes in Baton Rouge. There is some concern about an over supply of apartments in the area. Any thoughts?

[Brandon Johnson]

@James Maness I think the prices are getting a little high, but if you are looking to purchase low income units, I don't think they are as affected by the overbuilding of newer units that target the higher income tenants.  There will eventually be some overlap as older units deteriorate and become low income units if the owners defer maintenance and don't maintain their rent price levels.