BOSSIER CITY, LA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Le Rivage, a 240-unit asset in Bossier City. Built in 2016, the garden-style community consists of two- and three-story buildings on a 16 acre-site. The sales price was not disclosed.
Amenities include a pool, fitness center, business center, clubhouse, playground and dog park. The average unit size is 925 square feet. Le Rivage is situated approximately five miles from downtown Bossier City and downtown Shreveport.
John Hamilton, Will Balthrope and Drew Garza of Marcus & Millichap’s Baton Rouge office represented the seller and procured the buyer in the transaction. Neither party’s identity was disclosed. Steve Greer is Marcus & Millichap’s broker of record in Louisiana.