Marcus & Millichap Inc.
08/20/2026 | Press release | Archived content
Marcus & Millichap Brokers Sale of Two Multifamily Properties in Baton Rouge and Natchitoches, Louisiana
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Marcus & Millichap Brokers Sale of Two Multifamily Properties in Baton Rouge and Natchitoches, Louisiana
August 20, 2026
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BATON ROUGE, La., Aug. 20, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Magnolia Trace and The Melrose, two multifamily properties in Louisiana.
"These were two heavy value-add assignments where the sellers had completed significant dollars in capital improvements including full roof replacements, infrastructure work and unit renovations ahead of the sale," said John Hamilton, senior director investments in Marcus & Millichap's Baton Rouge office. "Both properties drew competitive interest from private and out-of-state investors, underscoring continued demand for well-located, recently improved communities in Louisiana's secondary markets."
Hamilton and Jessica Thompson of Marcus & Millichap exclusively marketed the properties on behalf of the sellers.
Magnolia Trace Apartments is a 246-unit multifamily community located at 11585 N. Harrells Ferry Road in Baton Rouge. Built in 1975 and renovated in 2025, the 273,604-square-foot property spans 36 residential buildings on 12.5 acres. Recent improvements include full roof replacements, facade rehabilitation, and interior unit and infrastructure upgrades. The unit mix includes 64 one-bedroom, 112 two-bedroom and 70 three-bedroom apartments. Amenities include an onsite swimming pool, leasing office and laundry center. Magnolia Trace Apartments is near the Interstates 12 and 10 corridors, Louisiana State University (LSU) and major regional employers, such as the petrochemical industry hub.
The Melrose is a 216-unit multifamily property at 100 N. Melrose Ave. in Natchitoches and is the city's largest multifamily asset. Built in 1973, the 178,540-square-foot property sits on 11.32 acres and has received recent upgrades, including a full roof replacement, HVAC replacements, unit turns, pool improvements and new flooring. The property comprises a unit mix of 86 one-bedroom, 114 two-bedroom and 16 three-bedroom apartments. Apartment amenities include a pool, fitness center, laundry facilities and walking/biking trails. The Melrose is within walking distance of Northwestern State University's campus and has benefitted from the school's recent increase in enrollment and student housing demand. The property is also near the Natchitoches Regional Medical Center, Downtown Natchitoches Historic District and Interstate 49.
"These were two heavy value-add assignments where the sellers had completed significant dollars in capital improvements including full roof replacements, infrastructure work and unit renovations ahead of the sale," said John Hamilton, senior director investments in Marcus & Millichap's Baton Rouge office. "Both properties drew competitive interest from private and out-of-state investors, underscoring continued demand for well-located, recently improved communities in Louisiana's secondary markets."
Hamilton and Jessica Thompson of Marcus & Millichap exclusively marketed the properties on behalf of the sellers.
Magnolia Trace Apartments is a 246-unit multifamily community located at 11585 N. Harrells Ferry Road in Baton Rouge. Built in 1975 and renovated in 2025, the 273,604-square-foot property spans 36 residential buildings on 12.5 acres. Recent improvements include full roof replacements, facade rehabilitation, and interior unit and infrastructure upgrades. The unit mix includes 64 one-bedroom, 112 two-bedroom and 70 three-bedroom apartments. Amenities include an onsite swimming pool, leasing office and laundry center. Magnolia Trace Apartments is near the Interstates 12 and 10 corridors, Louisiana State University (LSU) and major regional employers, such as the petrochemical industry hub.
The Melrose is a 216-unit multifamily property at 100 N. Melrose Ave. in Natchitoches and is the city's largest multifamily asset. Built in 1973, the 178,540-square-foot property sits on 11.32 acres and has received recent upgrades, including a full roof replacement, HVAC replacements, unit turns, pool improvements and new flooring. The property comprises a unit mix of 86 one-bedroom, 114 two-bedroom and 16 three-bedroom apartments. Apartment amenities include a pool, fitness center, laundry facilities and walking/biking trails. The Melrose is within walking distance of Northwestern State University's campus and has benefitted from the school's recent increase in enrollment and student housing demand. The property is also near the Natchitoches Regional Medical Center, Downtown Natchitoches Historic District and Interstate 49.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 20, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 24, 2026 at 21:51 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]