2014 TRENDS in Baton Rouge Real Estate Combined Presentations

BATON ROUGE
INDUSTRIAL MARKET
Presented by:
Scot Guidry, CCIM

Mike Falgoust & Associates
Commercial Real Estate
Source: Louisiana Department of Economic Development and The Advocate
P R I C E O F N AT U R A L G A S
$14.49
$13.20
$1.86
$4.43
Scot Guidry, CCIM, Co-Chairman

Mike Falgoust & Associates Commercial Real Estate
Mathew Laborde, CCIM, Co-Chairman

Beau Box Commercial Real Estate
INDUSTRIAL
COMMITTEE
ME MB E RS
Todd Pevey, MPA

MIE Properties
Branden Barker, CCIM, CPM

NAI Latter & Blum
Brent Garrett, CCIM, SIOR

Beau Box Commercial Real Estate
Ryan Greene, CCIM

NAI Latter & Blum
Walt Ketchings
NAI/ Latter & Blum
SPECIAL
CONTRIBUTOR
David Lakvold, MAI, SRA

The Lakvold Group
Randy Peterson
Mike Mooring
Chemplant Company
www.Chemplant.com
The Lakvold Group
RACE TO THE
RIVER
STUDY AREA (BATON ROUGE MSA)
Source: Baton Rouge Area Chamber and LEO, LLC
HISTORICAL VACANCY RATE

Series1
16%
15.03%
14.36%
13.78%
14%
14.13%
12%
11.60%
11.04%
10.08%
10%
9.30%
8.66%
8%
8.10%
6.48%
6%
4.74%
4%
Katrina Effect
10
Econ. Recession Effect
11
12
H I S TO R I C A L VA C A N C Y & N E T A B S O R P T I O N
MEMO
VACANCY RATE
NET ABSORPTION (SF)
2009
ECON RECESSION
14.13%
102,359
2010
ECON RECESSION
15.03%
(62,748)
2011
ECON RECESSION
14.36%
220,945
2012
IMPROVING MKT
11.60%
867,959
2013
STABILIZING MKT
9.30%
671,127
H I S TO R I C A L VA C A N C Y & N E T A B S O R P T I O N
Series1
Series2
4,000,000
3,500,000
Square Feet
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
10
(500,000)
Katrina Effect
Econ. Recession Effect
11
12
HISTORICAL INVENTORY TOTAL

Series1
Series2
INVENTORY
BREAKDOWN
Vacant Space
=
2,371,973 SF
Series3
25,000,000
Square Feet
23,000,000
21,000,000
Occupied Space
=
23,145,130 SF
19,000,000
17,000,000
15,000,000
Total = 25,517,103 SF
MAP OF VACANT BUILDINGS

Choctaw
Vacant
LESS than
1 year
Westport
Industriplex
Hwy 30
Vacant
MORE than
1 year
NOTE: The
bigger the dot on
the map is, the
bigger the vacant
building is.
CLOSE-UP
Choctaw
Vacant
MORE than
1 year
Vacant
LESS than
1 year
NOTE: The
bigger the dot on
the map is, the
bigger the vacant
building is.
Westport
Industriplex
SAMPLE INDUSTRIAL LEASE RATES

Product Type1
Size (SF)
Lease Rate Range

Lease Type
(/SF)
Flex Space2
5,000 - 15,000
$8.00 - $12.00
Net
Office Warehouse Older
5,000 - 15,000
$3.50 - $4.50
Net
Office Warehouse New
5,000 - 15,000
$7.00 - $9.00
Net
Bulk Warehouse Older
20,000+
$3.00 - $4.50
Net
Bulk Warehouse New
20,000+
$5.50 - $7.00
Net
1 Excludes
2 Multi-tenant,
laydown yard area

tilt wall construction with a minimum office/warehouse ratio of 20/80
SAMPLE INDUSTRIAL LAND PRICES

DESIRABILITY
East Baton
Rouge (/SF)
West Baton
Rouge (/SF)
Ascension
(/SF)
PRIME LAND
$5.50 - $7.50
$2.00 - $3.00
$3.00 - $5.00
NON-PRIME LAND
$3.00 - $4.00
$0.75 - $2.00
$1.00 - $2.00
1Based
on land tracts consisting of 210 Acres
YOUR OTHER WAREHOUSE
New Womans
Hospital
YOUR OTHER WAREHOUSE
AMERICAN TIRE DISTRIBUTORS
( AT D )
SETPOINT
(formerly DMC)
Baton Rouge
PERFORMANCE WBR PIPEYARD
PORT OF BATON ROUGE
TIDAL TANK
TIDAL TANK
DELTA DR (ST. GABRIEL)
EMERSON
Emerson
New River Parish

Community College
Campus
BENGAL TRANSPORTATION
COMMERCE POINTE DR (GEISMAR)
GATEWAY INDUSTRIAL PARK
HIGHWAY 73 (GEISMAR)
HIGHWAY 73 (GEISMAR)
METHANEX
Hwy 30
METHANEX
Mississippi River
IMPALA
INDUSTRIPLEX AVE (GEISMAR)
ST. LANDRY RD (GONZALES)
2013 NOTICEABLE TRENDS

The Vacancy Rate decreased by 230 basis points in 2013. 11.6% Vacancy Rate in
2012 compared to 9.3% in 2013 for buildings containing 5,000 square feet or
more. Market stabilizing.
Land values on the upward swing.
Increased rental rates for smaller office-warehouses (15,000 square feet and less)
in Ascension Parish and parts of East Baton Rouge Parish.
Increase in new construction from 120,546 SF in 2012 to 456,905 SF in 2013.
Increased demand for office-warehousing with stabilized material yards.
Regional industrial service centers continue to consolidate facilities under one
roof.
Nationally the US Manufacturing sector is rebounding which increases a demand
for the chemicals made locally.
Increasing demand in general within the industrial market.
Increased demand for bulk oil pipeline and oil storage capacity.
Continued use of US natural resources and less dependence on imports.
Natural gas prices continue to be low and abundant.
Renewed investment in Tuscaloosa Marine Shale oil play.
On your mark, get set,
GO!
Real Estate Finance Trends 2014
Presentedby:
BrianS.Andrews TommyKehoe
KennyHodges
LouisianaStateUniversity
RealEstateResearchInstitute
AssuranceFinancialGroup
April10,2014
EustisCommercialMortgage
ThankYoutotheCommittee
Residential
KennyHodgesandMikeAirhart
PermanentLending
TommyKehoe
Banking
BrianCallenderandJimPurgerson
ThankYoutotheSponsors
9.0
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1.0
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AverageMonthlyPrime,FedFundsand
30DayLIBORRates
January2006throughFebruary2014
Series1
Series2
Series3
4.0
2.5
2.0
1.0
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Jan00
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10YearUSTreasuryRates
January2006throughFebruary2014
5.5
5.0
4.5
3.69
3.58
3.5
3.0
2.90
1.97
1.98
1.5
Market Contraction
Regulatory Environment
Non Agency Financing
USDA Eligibility
MBA estimates more than 30%

less volume booked in 2014
compared to 2013
Industry expects a 9% increase in
purchase originations.
More then 22,000 mortgage jobs
eliminated
Hundreds of new laws and regulations

HVCC, SAFE ACT, Dodd Frank
Legislation, Loan Officer
Compensation changes, and CFPB
Qualified Mortgage and Ability to Repay
All Qualified Mortgages are to comply

with the requirement that was effective
on Jan. 10, 2014.
The requirement states a lender
must evaluate the borrowers ability
to repay for nearly all closed-end
residential mortgage loans.
A loan that meets the product feature

requirements can be a QM under any of
the three main categories.
The General Definition, the GSEeligible provision, or the small
creditor provision.
General Definition
Debt-to-income ratio of 43% or less
GSE-eligible
Eligible for purchase, guarantee, or
insurance by a GSE,FHA,VA, or USDA
is QM despite DTI
Small Creditor
Less than $2B in assets and originate
500 or fewer first mortgages per year.
Loans made and held in your portfolio
are QM as long as DTI has been
considered and verified.
Any mortgage originated by a

Lender that has made a rational,
good faith determination showing
the borrower is able to repay the
loan based on general underwriting
factors is still considered a proper
loan.
Jumbo Loan
Any amount over $417K
Higher down payments and fewer
options in years to come
Must meet QM definition today
Cannot exceed 43% DTI
Louisiana is a great market for RD

Effective 10/1 some areas will be
eliminated in Livingston and
Ascension due to USDA using 2010
census data to rezone eligible
lending areas.
Should not be delayed any longer.
All of these challenges bring great

reward
Greater talent pool due to
contraction
Responsible lending practices
All of these challenges bring great

reward
Interest rates are still very attractive
With the decrease in volume, we are
seeing stringent credit guidelines
being relaxed and more products
being offered.
Lowest amount since tracking began in

2008
Down 93% from a year earlier
Senator Johnson and Crapo propose
eliminating Freddie and Fannie.
Expect decrease in the conventional
max. loan amount moving forward.
Commercial/MultifamilyDebtOriginations 3Q2013
WallStreet
In a recent CMBS that priced last

week the package had a $22.875mm
loan on the CVS Las Vegas Strip.
That loan is $1,591 psf, putting it in
good company with the Walgreens
across the street ($40mm loan,
$1,618 psf) that was done last year.
LifeInsuranceCompanies
Commercial/MultifamilyDebtOutstanding 3Q2013
ByLender/InvestorType
5
12.9%
1
35.1%
4
13.5%
3
22.7%
2
15.8%
Source: Mortgage Bankers Association
2015
2016
2017
$ 79B
$113B
$112B
ByLenderType
Multi Family
Multi-Tenant Office
Grocery Anchored
Shadow Anchored
Retail
Retail
Multi-Tenant Industrial Self Storage

Unanchored Retail, but must be in-fill location
with good real estate fundamentals
LTV
Term
Amort
Rates
Other
70% - 75%
Mostly 10 year, but some 5 and 7
25 30 years
4.75% - 5.25%
Will require funded reserves for
TI/LC and Capital
Rate Lock after due diligence and legal process is
completed.
Interest Only structures are more common now
than in the last couple of years
LTV
65% - 70%
plus some 75% for Class A Multifamily
Term 5 years to 25 years
Amort 20 years to 25 years
30 years for the right property
Rates 3.50% to 5.0%
Other No funded reserves for TI/LC and Capital
Rate Lock at application which eliminates treasury
and spread risks
Sizing:
75% LTV, 8.5x DY, 1.35x DCR
Payments: I/O for 2.5 yrs, then amortized for
7.5 yrs
Amort:
30 years
Rate:
4.95%
Other
Allowed co-mingling of
Replacement Reserve and TI/LC
Reserve
ByLenderType
MultifamilyDebtOutstanding 3Q2013
ByLenderType
HUD is closing the NOLA

office but everything is still
business as usual
Cash out is an issue

Congress still wants to
restructure Fannie and
Freddie
MultifamilyDebtOutstanding 3Q2013
ByLenderType
What is normal?
Loan growth will be slow
Basel III puts the industry in
a tough pricing position
Dodd-Frank
Real Estate Finance Trends 2014
Presentedby:
BrianS.Andrews TommyKehoe
KennyHodges
LouisianaStateUniversity
RealEstateResearchInstitute
AssuranceFinancialGroup
April10,2014
EustisCommercialMortgage
Baton Rouge Apartment Trends 2014
Presentedby:
Craig A. Davenport
Cook,Moore&Associates
Assistedby:
D. Wesley Moore, II, MAI, CCIM,SeanMcDonald,AbbyMcMasters,
EliseMoore&AlexisMartin
withCook,Moore&AssociatesRealEstateAppraisers
April10,2014
WhatWillBePresented?
FactorsaffectingRentalHousingDemand
TrendsinRents&Vacancies
Recent&PendingConstructionofApartments
WhatsAhead
RecentSalesofApartmentComplexes
EconomicFactors
Jobgrowthdrivespopulationgrowthand,ultimately,thedemandfor
apartments.Wehavereturnedtoaperiodofeconomicgrowth,thoughsome
amountofcautioniswarranted.Recenttrendsandannouncementswarrant
ahealthyamountofoptimism(particularlyonalocallevel).
LorenScottinhis20142015LouisianaEconomicOutlookprojectedthatBaton
Rougewilladd12,500newjobsin2014andanadditional9,200jobsin2015,
foratotalprojectionof21,700newjobsoverthe2yearperiod.
TheBatonRougeAreaChamber(BRAC)projectedthatBatonRougewilladd
8,700newjobsin2014andanadditional7,700newjobsin2015,foratotal
projectionof16,400newjobsoverthe2yearperiod.
ExcitingEconomicFactors
Over$23.7Billion(withaB)ofindustrialandcommercialconstructionto
becompletedoverthenext23yearshasbeenannouncedfortheBaton
Rougearea(plusbillionsmoreinLakeCharlesandotherSouthLouisiana
markets).
Thiswillinitiallyproduceahugenumberofconstructionrelated(often
involvingtemporaryresidents,forwhomapartmentsareneeded)and
designrelated(engineering,etc.)jobs.
Addtothisthe2015arrivaloftheIBMfacilityintheCBDthatwillbring
another800+wellpayingjobs(theystartedhiringin2013),andtheBaton
Rougeareacouldexperiencestrongeconomictimesoverthenextseveral
years.
MoreEconomicFactors
January2014jobcounts(mostrecentavailable)fortheBatonRougemetro
areawereup11,990(3.4%)fromJanuary2013.
UnemploymentinBatonRougeis4.8%(downfrom7.1%ayearago).Thisis
wellbelowthenationalunemploymentaverageof6.6%andthesouthern
regionalaverageof6.2%.
TheunemploymentratefortheStateofLouisianais4.9%.
PopulationTrends
CensusBureauestimatesindicatethatthepopulationofEastBaton
RougeParishincreased1.0%(4,348people)from2010to2012(most
recentestimateavailable).
ThepopulationincreaseforEBRPfrom2000to2010(Censusfigures)was
27,319(6.6%).
TheAscensionParishpopulationincreased4.8%(5,092people)from
2010to2012,whileLivingstonParishgrewby3.0%(3,902people).
HistoricalApartmentRentalTrends
Rentalshadhistoricallyincreased1%to3%annuallyfrom1995to2005
Rentalsincreasedroughly10%fromSpring2005toSpring2006,
predominantlyattributabletotheKatrinaEffect
Averagerentsforallunitswereflat(0%increase)fromFall2010toFall
2011
Averagerentsforallunitsincreasedanaverageof2.0%fromFall2011to
Fall2012
ApartmentRental&VacancyTrends Snapshot
Rentalsforamatchedsampleof126localcomplexesincreased1.72%
fromFall2012toFall2013.Thenormin200105was1%to2%increases
annually.
Vacanciesforthis126propertysamplewerereportedat5.6%inFall
2013,upslightlyfrom5.4%reportedinFall2012
Theseindicatorssuggestastrongapartmentmarket.
RentalUnitsBuilt20062013
Total
2006-13
Conventional
3,946
Upscale Student
1,218
Affordable Housing (LIHTC)
1,723
Total # of Units Built Post-Katrina
6,887
Units per year
861
RentalUnitsUnderway/Planned20142015
Underway
Planned
Total
Conventional
435
999
1,434
Upscale Student
786
786
Affordable
Housing
170
144
314
1,391
1,143
2,534
Total
ApartmentComplexesCompleted2013
6complexestotaling573unitswerecompletedin2013
HighGrove
192upscaleconventionalunitsonPicardyBoulevardbehindMallof
Louisiana
HUD221(d)4financing
Developer:DomainCompanies
HighGrove
PicardyBoulevardbehindMallofLouisiana
HighGrove
HighGrove
HighGrove
HighGrove
HighGrove
PropertyHighlights
3Storycomplexwithinteriorcorridorsandelevators
MixedUsedevelopmentwithcommercialspaceonthefirstfloorofthe
frontbuilding
Comprehensiveamenitypackage,includingresidentlounge,cybercaf,
largefitnesscenter,gameroom,resortstylepoolwithgrills
SilverStarLEEDCertified lowerenergycostsforresidents
Solarpanelsforcomplexontopofcarports
UniversityEdge
WestMcKinleyatIowaStreet
UniversityEdge
PropertyHighlights
Three4Storybuildingswithinteriorcorridorsandelevators
Studentbasedproperty(bythebedrents)
2,3and4bedroomunits
Extensivecommonareaamenitypackage,includingclubhousewithwifi,
gatedcommunity,largefitnesscenter,gameroom,resortstylepoolwith
grills,computerlabwithfreeprinter,tanningsalon
Fullyfurnishedunits,fullappliancepackage,keyedbedrooms,
washers/dryers
InternetandCableTVincluded
Affordable (LIHTC)ComplexesCompleted 2013

LIHTCComplexesCompletedin2013
BeltLineTownhomes
32Affordableunitsat1833Gayosa Street
Developer:GulfCoastHousingPartnersofNewOrleans
TheCorona(formerOlinde Building)
36Affordableunitsat1854NorthStreet
TheElysian
100MixedIncomeaffordableunitsonSpanishTownRoad
TheElysian
SpanishTownRoad
TheElysian
TheElysian
TheElysian
TheElysian
TheElysian
TheElysian
PropertyHighlights
Single4Storybuildingwithinteriorcorridorsandelevators
MixedIncomedevelopmentwithmarketrateunitsandaffordableunits
Extensivecommonareaamenitypackage,includingprivateconference
rooms,largefitnesscenter,playground,movietheatreroom,business
center,screenedporch,communitygardenarea
Upscalefinisheswithwashers/dryers;Someunitshave10ceilings
BeltLineTownhomes
1833Gayosa Street
BeltLineTownhomes
BeltLineTownhomes
BeltLineTownhomes
BeltLineTownhomes
BeltLineTownhomes
PropertyHighlights
Traditional,gardenstyle,Townhouseunits
Allareaffordable(LIHTC)2and3Bedroomunits
ShareamenitieswithCoronaApartmentsacrossstreet
1854NorthStreet
TheCorona
TheCorona
TheCorona
TheCorona
PropertyHighlights
1&2storybuildingwithinteriorcorridors
Allareaffordable(LIHTC)Efficiencyand1Bedroomunits
Allunitshavewashersanddryers
Commonareaamenitiesincludeacommunityroom,largelobbyarea,
meetingroom,keycardaccesstobuilding
Affordable (LIHTC)ComplexesCompleted 2013

LIHTCComplexesCompletedin2013
TheGardensSeniorApartments
55AffordableunitsorientedtowardsSeniorsHouseholds
4949HooperRoad
Developer:JayBernstein
TheGardensSeniorApartments
4949HooperRoad
TheGardens
TheGardens
TheGardens
PropertyHighlights
Single2Storybuildingwithinteriorcorridorsandelevators
Affordable(TaxCredit)unitsorientedtowardsSeniors
Extensivecommonareaamenitypackage,includingtenantlounge,
computerroom,fitnesscenter,library
TrendsinNewBatonRougeConstruction
5outof6newlyconstructedcomplexeshadmainentryway
withinteriorcorridorsandelevators
Kitchensopentolivingareas(nowastedspace)
Extensivecommonareaamenitypackages
LargeFitnessCenters
LargeTenantLoungesandmeetingareas
Communityorienteddevelopments
Onlinecommunities
ConventionalComplexesUnderConstruction
UpscaleComplexesUnderConstructionin2014
TheOnyx
28upscaleunitsonThirdStreetatConventionStreet
Developer:CommercialPropertiesDevelopmentCorporation
IBMTower
95upscaleunitsonRiverRoadatMainStreet
Developer:CommercialPropertiesDevelopmentCorporation
TheDistrict
312upscaleunitsonPerkinsRoadnearPollard
Developer:Vintala Partners/Creekstone
DowntownComplexes
TheDistrict PerkinsRoad
TheDistrict PerkinsRoad
StudentOrientedComplexesUnderConstruction
StudentOrientedComplexesUnderConstructionin2014
FairfieldatBatonRouge
304studentorientedunitsat449BenHur RoadatBurbankDrive
Developer:FairfieldDevelopmentCorporation
SterlingUniversity
235studentorientedunitsat4194BurbanknearWestParker
BehindSouthgateTowers
Developer:SterlingUniversityHousing/Dinerstein
TheStandard
247studentorientedunitsonWestChimesStreetatLSUNorthGates
Developer:LandmarkCompanies
Fairfield BurbankatBenHur
Fairfield BurbankatBenHur
SterlingUniversity Burbank
TheStandard WestChimesatLSUNorthGates
Affordable(LIHTC)ComplexesUnderConstruction
LIHTCComplexesUnderConstructionin2014
WindsorCourtApartments
120affordable(LIHTC)unitsonLAHighway74inSt.Gabriel
UsingCDBGfundsfromParishforDevelopment
Developer:IbervillePartners
GardensofBatonRouge
50affordable(LIHTC)unitsonPlankRoadsouthofHooperRoad
ScatteredSitecomplex
Developer:GaryHinton
GardensofBatonRouge
ProposedConventionalComplexes
ConventionalComplexesproposedfor201415(Downtown)
CommerceBuilding
93upscalemarketrateunitsat333LaurelStreet
Developer:T.J.Iarocci
440onThird(CapitalOnebuilding)
65upscalemarketrateunitsat440ThirdStreet
Developer:DykeNelson
342Lafayette
16upscalemarketrateunitsat342Lafayette
Developer:DykeNelson
Onlyatotalof174unitsinPlanningStages+123unitsatIBMandOnyx=
Totalof297unitsdowntown
ProposedConventionalComplexes
ConventionalComplexesproposedfor201415
ParkRowe
334upscalemarketrateunitsinPerkinsRowe
Developer:DavidAlexanderwithVintageRealty
EastBoydApartments
85upscalemarketrateunitsonEastBoydatDodsonRoad
Developer:Dantin &Bruce
AudubonApartmentHomes
182upscalemarketrateunitsonLAHighway64westofLA964inZachary
Developer:HeritageConstruction
RiverHouse
224upscalemarketrateunitsonNicholsonatIowaStreet
Developer:MarkBlumberg
ProposedComplexes Planned(notunderway)
AffordableComplexesproposedfor201415
CypressSpringsElderly
144affordableunitsalongHooperRoad,eastofPlankRoad
Developer CDI
AffordableRehabComplexes
AffordableRehabsproposedfor201415
RenaissanceGateway
formerlyArdenwood Park
208affordableunitsonNorthArdenwood
Startedrenovationlastyearwithaplannedcompletiondateof
August2014
Developer:CDI
JaguarPlaza
95studentorientedand/oraffordableunitsat750HardingBlvd
Fencedoff,buthaventstartedrenovations
Developer:VernonYoung
TrendsinNewNationalConstruction
Moreefficient(smaller)units
Energyefficiency
LEEDCertified withenergysavingsfortenants
SolarPowerforcomplex
Moreextensivecommonareaamenitypackages
SplashPads
CoffeeBars
ElectricalhookupsinParkingLotsforautomobiles
Controllablefeatures(lights,tv,etc.)fromsmartphones
PetFriendly(Dog)units
Firstfloorunitsw/Ceramictilefloors
FencedBackyards
MarketSummary
TheBatonRougemarkethasabsorbedthe6,300+apartmentsand
2,000+condosbuiltsinceKatrinahit(inAugust2005).Itisintheprocess
ofabsorbingthe573unitscompletedin2013,with1,391+moreunits
underconstructionand1,143+announced/plannedfor201415(though
somewillpotentiallyremainonhold).
Wedohaveasignificantamountofapartmentsinthepipeline,however,
theBatonRougeareahasbeenabsorbingallofthenewunits.
Ifalloftheannouncedjobsdonotarrive,wecouldseehighervacancy
ratesandlowerrentincreases(withmorespecials)inthefuture.
MarketSummary
Rentsarestillincreasingandvacancyratesarestilllow(currently5.7%,
whichislowerthanhistoricalnormsof6%to7%).Economicvacancies
arelikelyhigher,butstillstrong.
Rentswilllikelycontinuetorisein2014,whilevacanciesshouldcontinue
tostabilizeat6.0%to7.0%.
TyGose,CCIM
NAILATTER&BLUM
PropertySales201314
# of Units
$/SF
$/Unit
Jeffersonian Condos
(7950 Jefferson Hwy)
33
$61
$65,450
Live Oak Trace

(7615 Magnolia Beach,
Denham Springs)
264
$58
$60,227
Newport Villas
(1737 La Annie Dr)
94
$14
$12,766
Elm Street Senior Apts

(4250 Elm Street)
60
$33
$21,000
PropertySales201314
# of Units
$/SF
$/Unit
Place Du Plantier
(550 Lee Drive)
268
$61
$47,015
Juban Court Condos

(8429 Florida Blvd,
Denham Springs)
83
$55
$85,542
Bluebonnet Ridge
(10624 Glenstone Ct)
112
$69
$61,508
Siegen Village
(6630 Siegen Lane)
312
$60
$67,244
Mansions at Ivy Lake

(14086 Airline Hwy)
240
$111
$129,512
WhyApartments?
Consistentlymoststableassetclassofallthepropertytypes
apartmentshavetheleastvolatileswings
Multiplesourcesoffinancing Overhalfoforiginationsin2013were
governmentbacked,mostofwhichhavea30 40yearamortization
Shorttermcontractswithrenterstrackinflationandincomegrowth
Expensesareeasytoforecastandbudget
Everyoneneedsaplacetolive
Verygoodbarometerofnationaleconomichealth
NationalMetrics
DespiteDC,2.5millionjobsaddedin2013and88%ofalllostjobshave
beenregainedsincetherecession.Nethouseholdwealthisatanalltime
highof$77Trillion
GDPisforecastat3%growthandexpectedtoadd2.7Millionjobsin2014
Thisgoodnewsmeansthefed,whichisalreadytaperingitspurchaseof
treasurieswillcontinue,however,thisisanindicationofreturningnormal
creditmarkets
Forecastedinterestrateincreaseswillbecoupledwithsignsofahealthy
economy,whichwillalsopairwithNOIgrowth
HousingMetrics
Householdformationsexceeded1Millionin2012doublingtheprior5
yearaverage
Individuals1834livingwiththeirparentsisstillclosetoalltimehighs
TheUSabsorbedallofthenewunitsconstructedin2013showingapent
updemandforhousingunitsestimatedat33.5millionnationwide
Strongerjobandwagegrowthaswellasconfidenceintheresilienceof
theeconomyhavebegunandwillcontinuetodebundlethose
households
WhatThisMeansforBatonRouge
Lowernewconstructionnumbersthelast4yearswillallowroomfor
growththenextseveralyearssolongasthenationalandlocaleconomy
remainstable
Ofthe1,391unitsunderconstruction,only435aremarketrate ofthe
1,143proposed,144areaffordableand999aremarketrate(ofwhich
174aredowntown)
SupplyimbalancesmayemergeincertainpocketsoftheMSAhowever
theywillbeshorttermgiventheunbundlingandpentupdemand
LocalApartmentOpportunities
TheremaybepressureonexistingclassAapartmentownersasnewer
unitshitthemarketwithadditionalamenities
RentgrowthwillbehighestinBandCunitsasdemandgrowswithlittle
newinventoryavailable
OwnersconsideringsellingwillreceivenumerousoffersasCAPratesare
approachingalltimelowswithlimitedinventory
DeveloporacquireassetsthatfitintheClassBcategoryasalargerpool
ofrenterswillfallinthatpricerange
Thanksto.
WesleyMoore,SeanMcDonald,AbbyMcMasters,AlexisMartinandElise
MoorewithCook,Moore&Associates
LauraWhitewithLatter&BlumPropertyManagement
DavidTreppendahl &DeaneBrysonwithLatter&BlumRealtors
JohnWrenwithWrensAerialPhotography
TheLSURealEstateResearchInstitute
2014 Baton Rouge Office Market Overview
Presented by:
Branon W. Pesnell, CCIM, SIOR Beau Box Commerical
Gary Black Wampold Companies
Jonann Stutzman NAI Latter & Blum
Drew Pearson, CCIM Waters and Pettit
Joey Canella Beau Box Commercial
April10th,2014
Commercial Real Estate 2013
Commercial Real Estate 2014
2012 - 2013 Market Perception

Slow Growth
Market Stabilization
Buyers/Tenants still seeking
discounts
Landlords/Sellers feeling
more confident
2014 Market Reality

Strong Demand/Low
Supply
Market Growth
Shift to Landlord Market
Space options are limited
Good development
environment
SIOR Commercial Real Estate Index Fourth

Quarter 2013 Results
SIOR Index measures 10 variables pertinent to the performance of U.S. industrial
and office markets (balanced market is signified by 100 pointssomething the
U.S. has not experienced since third quarter 2007)
SIOR market experts commented on Fourth Quarter 2013 conditions The SIOR Index
rose noticeably from winter 2012 to winter 2013 quarter, gaining 15.3 points, from
81.1 to 96.40.
The office markets recorded solid growth, rising 15.2 points to 85.7, up from 75.1 in
October 2012.
69 % of SIOR experts expect market improvement over the next three months.
The South Region (104.60, up from 86.7 in October) again has the best overall
market conditions, with the highest rating, and shows a market prime for new
development.
Source: Society of Industrial & Office Realtors
Baton Rouge Market: 2013 Executive Summary

Low natural gas prices and projected petrochemical plant expansions and
construction boost engineering and construction sectors
Occupancy up slightly from 2012
Removal of aged office product from the market
Local tenants are expanding and renewing
Slow trickle of new tenants into market (IBM deal announced)
Slight increase in construction and investment sales activity
Baton Rouge Office Market

March 2014
Class B 2,278,940 Total Square Feet

Twenty Nine (29) Buildings
83.75% Occupancy
Thirty Three (33) Buildings

90.91% Occupancy
Class A 3,946,526 Total Square Feet

Historical Occupancy

A & B Occupancy March 2014
Spring 2014 Market Occupancy

88.29%

Class A Rental Rates - March 2014
Class A Average - $20.85 PSF

Class B Rental Rates - March 2014
Class B Average - $14.79 PSF
Sublease Factor
300,000
242,562
250,000
188,407
200,000
150,000
100,000
90,012
92,683
78,731
66,769
50,000
23,742
2013 Market Trends Forecast

What Office Trends Team Predicted for in 2013
Look for continued demand for efficient office environments

Low natural gas prices and strong petrochemical sector will be a strong factor in
the market for office space from engineering and construction related firms
Buzz from technology sector will rise as IBM deal gets closer
Rental rates will climb slightly as occupancy climbs and space options are limited
Market occupancy will rise to 89% by 2014
Pulse of the Office Market

What Baton Rouge Area Brokers Are Reporting in 2014
Demand is increasing and supply is low
Tenants must consider lower class options
Minimal options for large blocks of space (10,000 +SF)
Steady flow of new tenants and local tenant expansions
Demand is high in engineering, construction, and technology sectors
Industrial growth will continue to fuel demand
Tenant concessions have dried up
Landlords have the upper hand in negotiations
Renewals are likely as space options decrease
Demand for open, efficient floor plans still high
Tenant focus on low occupancy cost
Some tenants looking in other markets due to lack of available space
Pulse of the Office Market

What Baton Rouge Area Brokers Are Reporting in 2014
Sales activity increased greatly in 2013
Several large buildings traded in 2013
Investment market has improved drastically
Construction comeback
Low supply will lead to more development, likely in the garden office sector
Several redevelopment plans and new projects announced
Redevelopment projects & market movers
Commerce Building
Capital One Building
IBM
Perkins Rowe
150 State Street
Water Campus
JTS Office Portfolio
$52.7 Million
519,000 SF
Kimco REIT Songy Highroads
October 2013
Notable Sales 2013-2014
Corporate II
$4.6 Million
56,884 SF
8 floors
January 2014
VIII United
$5.3 Million
52,606 SF
3 floors
December 2013
Dean Tower
$1.2 Million
86,000 SF
14 floors
June 2013
Notable Sales 2013-2014
Court Plaza
$1.5 Million
21,000 SF
1st floor condo sale
Lender purchased 3rd
floor
October 2013
Capital One
$4.3 Million
114,000 SF
8 floors
June 2013
150 State Street

$10.25 Million
92,567 SF
12 Floors
March 2014
Forecast for Commercial Office Space for 2014 Milton Says

Look for continued demand for efficient office
environments
Industrial projects in the petrochemical sector
will continue to be a strong factor in the market
for office space from engineering and
construction related firms
Development activity will increase due to low
supply
Rental rates will climb slightly as occupancy
climbs and space options are limited
Market occupancy will rise to 94% by 2015
2014 Baton Rouge Retail Market Overview
Presentedby:
JonathanD.Walker,CCIM
April10th,2014
CommitteeMembers:CharlieColvin,AustinEarhart,WadeGreene,Sean
McDonald,DottieTarleton,ColinSmith,JustinLanglois,EvanScroggs
AerialPhotographybyJohnWren
SpecialThankstoHerbGomezandKenDamannatGBRAROffice
National Trends/Headlines
Mall owners embracing technology
Reverse Showrooming
E-fairness Act
Case for a Makeover
Tenants adapting to market conditions
Most favored nation clause
Local Retail Trends

Perkins Rowe changes hands
Wal-Mart Neighborhood Market expansion
Juban Crossing under construction
Landlords giving concessions to credit tenants
Baton Rouge become more of a primary market
Tenant shuffling
2014 Shopping Center Survey

Total Area Surveyed:
8,480,051 sq/ft
Number of Centers:
124 Centers
Trends Excluding Lifestyle Centers
Average rent and reimbursements total $16.85/ft

Overall vacancy rate 10.61%
Newer centers higher rental rates and 3% vacancy
Centers with 250,000+ SF continue to yield higher
average rents ($22.41/ft) and less vacancy (1.1%)
Mall Updates
Redevelopment Projects
New Developments
Mall Updates
Redevelopment Projects
New Developments
Future Developments
Willowgrove
Rouzan
Long Farm
Millerville at I-12
Americana
Tales from the Real Estate World

Novelty Shop Plaquemine
Churches, Karate Studios, E-cig Retailers
Its either gonna be
Jonathan D. Walker, CCIM
RetailCommitteeMembers:
AustinEarhart,CharlieColvin,WadeGreene,SeanMcDonald,
DottieTarleton,EvanScroggs,ColinSmith,JustinLanglois
ThankstoJohnWren,WrensAerialPhotography,LLC
ThankstoHerbGomezandKenDamannatGBRAROffice
2014 Residential Trends Overview
Presentedby:
TomW.Cook
DrewWhitaker
DaveWade
SalesinGreaterBatonRouge
Year
TotalNumber
ofSales
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
8,829
11,826
10,761
9,316
7,093
6,878
6,341
6,742
7,693
8,870
%Change
TotalSalesVolume
%Change
33.94%
9.01%
13.43%
23.86%
3.03%
7.81%
6.32%
14.11%
15.30%
$1,290,699,582
$1,969,387,901
$2,033,258,350
$1,836,278,393
$1,430,661,986
$1,313,225,284
$1,235,680,205
$1,284,029,425
$1,483,695,016
$1,768,174,544
52.58%
3.24%
9.69%
22.09%
8.21%
5.90%
3.91%
15.55%
19.17%
GreaterBatonRougeMLSArea
TotalSales&SalesVolume
14,000
$2,500,000,000
12,000
$2,000,000,000
10,000
$1,500,000,000
8,000
6,000
$1,000,000,000
4,000
$500,000,000
2,000
5
TotalNumberofSales
TotalSalesRevenue
10
InventoryinGreaterBatonRouge
Year
Current
Inventory
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
3,770
4,067
3,669
4,925
4,928
4,275
4,772
4,809
4,397
4,260
%Change
MonthsInventory
%Change
7.88%
9.79%
34.23%
0.06%
13.25%
11.63%
0.78%
8.57%
3.12%
5.12
4.12
4.09
6.34
8.33
7.45
9.03
8.55
6.85
5.76
19.53%
0.73%
55.01%
31.39%
10.56%
21.21%
5.32%
19.88%
15.91%
CurrentInventory&MonthsInventory
6,000
10
9
5,000
8
7
4,000
6
3,000
5
4
2,000
3
2
1,000
1
0
1
CurrentInventory
MonthsInventory
10
AverageSalePriceandDaysonMarketin
GreaterBatonRouge
Year
AverageSale
Price
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
$146,188
$166,530
$188,946
$197,110
$201,700
$190,931
$194,871
$190,452
$192,862
$199,343
%Change
AverageDOM
%Change
13.91%
13.46%
4.32%
2.33%
5.34%
2.06%
2.27%
1.27%
3.36%
84
77
65
145
95
94
90
104
123
86
8.33%
15.58%
123.08%
34.48%
1.05%
4.26%
15.56%
18.27%
30.08%
AverageSalesPrice&AverageDaysonMarket
160
$250,000
140
$200,000
120
100
$150,000
80
$100,000
60
40
$50,000
20
$
1
4
AverageSalesPrice
AverageDaysonMarket
10
SalesinEastBatonRougeParish
Year
TotalNumberof
Sales
%Change
TotalSales
Volume
%Change
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
5498
7121
6404
5547
4299
3928
3514
3645
4264
4797
0
29.52%
10.07%
13.38%
22.50%
8.63%
10.54%
3.73%
16.98%
12.50%
$817,363,785
$1,208,001,107
$1,210,603,571
$1,106,992,598
$905,193,107
$775,286,555
$717,630,533
$735,068,059
$862,050,249
$1,003,405,592
0
47.79%
0.22%
8.56%
18.23%
14.35%
7.44%
2.43%
17.27%
16.40%
EastBatonRougeParish
TotalSales&SalesVolume
$1,400,000,000
8,000
7,000
$1,200,000,000
6,000
$1,000,000,000
5,000
$800,000,000
4,000
$600,000,000
3,000
$400,000,000
2,000
$200,000,000
1,000
$
1
5
TotalNumberofSales
7
TotalSalesVolume
10
AverageSalePriceandDaysonMarketin
Year
AverageSale
Price
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
$148,665
$169,639
$189,038
$199,566
$210,558
$197,374
$204,220
$201,664
$202,169
$209,173
%Change
AverageDOM
%Change
14.11%
11.44%
5.57%
5.51%
6.26%
3.47%
1.25%
0.25%
3.46%
77
70
62
70
89
93
85
104
97
87
9.09%
11.43%
12.90%
27.14%
4.49%
8.60%
22.35%
6.73%
10.31%
120
$250,000
100
$200,000
80
$150,000
60
$100,000
40
$50,000
20
0
1
AverageSalesPrice
AverageDaysonMarket
10
InventoryinEastBatonRougeParish
Year
Current
Inventory
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
1,987
2,221
2,132
2,731
2,762
2,385
2,594
2,705
2,513
2,371
%Change
MonthsInventory
%Change
11.78%
4.01%
28.10%
1.14%
13.65%
8.76%
4.28%
7.10%
5.65%
4.33
3.74
4
5.91
7.71
7.28
8.85
8.9
7.07
5.93
13.63%
6.95%
47.75%
30.46%
5.58%
21.57%
0.56%
20.56%
16.12%
10
3,000
9
2,500
8
7
2,000
6
1,500
5
4
1,000
3
2
500
1
0
1
5
CurrentInventory
6
MonthsInventory
10
SalesinAscensionParish
Year
TotalNumber
ofSales
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
1,478
2,173
2,017
1,582
1,208
1,291
1,225
1,342
1,453
1,734
%Change
47.02%
7.18%
21.57%
23.64%
6.87%
5.11%
9.55%
8.27%
19.34%
TotalSales
Volume
$243,736,913
$406,712,030
$433,309,000
$355,204,922
$257,911,924
$261,866,502
$248,666,451
$268,271,085
$291,753,619
$367,675,371
%Change
66.87%
6.54%
18.03%
27.39%
1.53%
5.04%
7.88%
8.75%
26.02%
AscensionParish
TotalNumberofSales&SalesVolume
$500,000,000
2,500
$450,000,000
$400,000,000
2,000
$350,000,000
$300,000,000
1,500
$250,000,000
1,000
$200,000,000
$150,000,000
500
$100,000,000
$50,000,000
$
1
5
TotalNumberofSales
TotalSalesVolume
10
AverageSalePriceandDaysonMarket
inAscensionParish
Year
AverageSale
Price
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
$164,909
$187,166
$214,828
$224,529
$213,503
$202,840
$202,993
$199,903
$200,793
$212,038
%Change
AverageDOM
%Change
13.50%
14.78%
4.52%
4.91%
4.99%
0.08%
1.52%
0.45%
5.60%
93
83
64
84
96
95
89
98
95
71
10.75%
22.89%
31.25%
14.29%
1.04%
6.32%
10.11%
3.06%
25.26%
AscensionParish
120
$250,000
100
$200,000
80
$150,000
60
$100,000
40
$50,000
20
0
1
4
AverageSalesPrice
AverageDaysonMarket
10
InventoryinAscensionParish
Year
Current
Inventory
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
760
715
646
858
899
738
802
756
616
542
%Change
5.92%
9.65%
32.82%
4.78%
17.91%
8.67%
5.74%
18.52%
12.01%
Months
Inventory
6.17
3.95
3.84
6.54
8.99
6.85
7.85
6.76
5.08
3.75
%Change
35.98%
2.78%
70.31%
37.46%
23.80%
14.60%
13.89%
24.85%
26.18%
AscensionParish
1,000
10
900
800
700
600
500
400
300
200
100
0
1
CurrentInventory
MonthsInventory
10
SalesinLivingstonParish
Year
Total
Numberof
Sales
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
1,346
1,826
1,624
1,542
1,134
1,241
1,092
1,141
1,253
1,511
%Change
35.66%
11.06%
5.05%
26.46%
9.44%
12.01%
4.49%
9.82%
20.59%
TotalSales
Volume
$165,382,884
$254,330,556
$261,130,630
$253,910,318
$188,309,494
$200,250,427
$174,313,810
$172,614,557
$193,015,398
$248,144,508
%Change
53.78%
2.67%
2.77%
25.84%
6.34%
12.95%
0.97%
11.82%
28.56%
LivingstonParish
TotalNumberofSales&TotalSalesVolume
2,000
$300,000,000
1,800
$250,000,000
1,600
1,400
$200,000,000
1,200
1,000
$150,000,000
800
$100,000,000
600
400
$50,000,000
200
$
1
5
TotalNumberofSales
7
TotalSalesVolume
10
AverageSalePrice&DaysonMarketin
LivingstonParish
Year
Average
SalesPrice
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
$122,869
$139,282
$160,794
$164,662
$166,057
$161,362
$159,628
$151,283
$154,042
$164,225
%Change
AverageDOM
%Change
13.36%
15.44%
2.41%
0.85%
2.83%
1.07%
5.23%
1.82%
6.61%
87
88
67
68
106
89
100
102
100
89
1.15%
23.86%
1.49%
55.88%
16.04%
12.36%
2.00%
1.96%
11.00%
LivingstonParish
$180,000
120
$160,000
100
$140,000
$120,000
80
$100,000
60
$80,000
$60,000
40
$40,000
20
$20,000
0
1
4
AverageSalesPrice
AverageDaysonMarket
10
InventoryinLivingstonParish
Year
Current
Inventory
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
648
686
509
834
820
770
879
824
737
748
%Change
5.86%
25.80%
63.85%
1.68%
6.10%
14.16%
6.26%
10.56%
1.49%
Months
Inventory
5.78
4.51
3.77
6.51
8.72
7.44
9.65
8.66
7.05
5.94
%Change
21.97%
16.41%
72.68%
33.95%
14.68%
29.70%
10.26%
18.59%
15.74%
LivingstonParish
1,000
12
900
10
800
700
8
600
500
400
4
300
200
2
100
0
1
5
CurrentInventory
MonthsInventory
10
NewHomeSalesinGreaterBatonRouge
Year
TotalNumberof
Sales100k225k
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
1567
2219
2060
1410
879
1071
1110
1076
1068
1161
Year
TotalNumberof
Sales300kto400k
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
94
205
316
252
158
90
64
73
100
137
Change%
41.61%
7.17%
31.55%
37.66%
21.84%
3.64%
3.06%
0.74%
8.71%
Change%
118.09%
54.15%
20.25%
37.30%
43.04%
28.89%
14.06%
36.99%
37.00%
TotalNumberof
Sales225kto300k
332
456
616
555
365
348
215
231
284
378
TotalNumberof
Sales400kandUp
53
115
119
156
213
80
48
45
56
87
Change%
37.35%
35.09%
9.90%
34.23%
4.66%
38.22%
7.44%
22.94%
33.10%
Change%
116.98%
3.48%
31.09%
36.54%
62.44%
40.00%
6.25%
24.44%
55.36%
TotalNumberofNewHomeSales
2219
2060
1567
1410
1161
1110
1071
1076
1068
879
616
555
456
332
316
94 53
205
115
2
119
3
365
252
156
213
158
5
Series1
Series2
378
348
90 80
6
Series3
215
64 48
7
Series4
231
73 45
8
284
10056
9
13787
10
GreaterBatonRougeNewHomeSales3/13to3/14
5%
8%
21%
1
2
66%
3
4
NewHomeAverageDOMinGreaterBatonRouge
Year
AverageDOM100K
225K
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
97
103
94
99
144
119
91
110
110
91
Year
AverageDOM300K
400K
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
117
120
108
147
175
141
155
134
136
94
Change%
6.19%
8.74%
5.32%
45.45%
17.36%
23.53%
20.88%
0.00%
17.27%
Change%
2.56%
10.00%
36.11%
19.05%
19.43%
9.93%
13.55%
1.49%
30.88%
AverageDOM225K
300K
132
107
85
128
161
151
133
138
126
103
AverageDOM400K
&Up
138
142
123
149
170
222
217
128
141
130
Change%
18.94%
20.56%
50.59%
25.78%
6.21%
11.92%
3.76%
8.70%
18.25%
Change%
2.90%
13.38%
21.14%
14.09%
30.59%
2.25%
41.01%
10.16%
7.80%
AverageDaysonMarketforNewHomeSales
222
217
175
170
161
132
142
138
117
123
120
133
128
110
130
110
103
91 94
91
85
141
136
126
99
94
138
134
128
119
108
107
103
97
155
151
141
147149 144
5
Series1
Series2
6
Series3
7
Series4
10
AttachedHomeSalesinGreaterBatonRouge
Year
3/04to3/05
3/05to3/06
3/06to3/07
3/07to3/08
3/08to3/09
3/09to3/10
3/10to3/11
3/11to3/12
3/12to3/13
3/13to3/14
TotalNumber
%Change
OfSales
685
1,248
1,330
1,245
872
650
503
487
583
574
82.19%
6.57%
6.39%
29.96%
25.46%
22.62%
3.18%
19.71%
1.54%
AverageSale
%Change
Price
$104,151
$119,704
$140,938
$153,562
$196,421
$146,988
$149,214
$140,399
$150,786
$153,654
14.93%
17.74%
8.96%
27.91%
25.17%
1.51%
5.91%
7.40%
1.90%
Average
DOM
80
93
94
88
117
149
106
150
171
137
%Change
16.25%
1.08%
6.38%
32.95%
27.35%
28.86%
41.51%
14.00%
19.88%
AverageSalesPriceofAttachedHomes
$250,000.00
$200,000.00
$150,000.00
$100,000.00
$50,000.00
$
1
5
AverageSalesPrice
10
AttachedHomes Sales&DaysonMarket
1,400
180
160
1,200
140
1,000
120
800
100
80
600
60
400
40
200
20
TotalNumberofSales
AverageDaysonMarket
10
BuildingPermitsinGreaterBatonRouge
Parish
2008
%Change
2009
%Change
2010
%Change
EBR
Asc
Liv
Total
1213
875
1432
3520
20.36%
95.20%
17.74%
37.90%
723
546
687
1,956
67.77%
60.26%
108.44%
79.96%
889
696
480
2,065
Parish
2011
%Change
2012
%Change
2013
EBR
Asc
Liv
Total
1,040
609
487
2,136
14.52%
14.29%
1.44%
3.32%
923
780
508
2,211
12.68%
21.92%
4.13%
3.39%
1,019
792
650
2,461
18.67%
21.55%
43.13%
5.28%
2012to
2013%
Change
10.40%
1.54%
27.95%
11.31%
BuildingPermitsbyParish
4000
3500
3000
2500
2000
1500
1000
500
0
1
2
2008
3
2009
2010
2011
2012
2013
BuildingPermitsbyYear
4000
3500
3000
2500
2000
1500
1000
500
0
1
3
Series1
4
Series2
Series3
Series4
GreaterBatonRougeTotalHomeSales3/13to3/14
6%
20%
1
2
74%
EastBatonRougeParishBulkLotSales
Springbrook
12/08/08 KB Home/Shaw Louisiana, LLC
Summa Professional Office Park, L
$2,108,00
68
$31,000
Lakes at Stonegate
12/23/08 Kodiak Equipment, LLC
Kodiak Equipment, LLC

Level Construction and Developme
Level Construction and Developme
D R Horton, Inc., Gulf Coast
$100,00
$208,00
$100,00
$208,00
$125,00
$350,00
$714,00
4
4
4
4
5
14
17
$25,000
$52,000
$25,000
$52,000
$25,000
$25,000
$42,000
Windsor Place
02/02/10 Walter R Bankston & Associates, Inc
03/10/10 Advanced Services, Inc
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
$830,00
$186,00
$871,50
$622,50
$1,609,50
$1,479,00
20
4
21
15
37
34
$41,500
$46,500
$41,500
$41,500
$43,500
$43,500
Morgan Springs
01/26/10 Morgan Springs, LLC
01/13/12 Power Homes, LLC
04/11/12 Fredom Builders, LLC
04/11/12 Penn Construction Company, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
Village Lakes
04/30/10 Titan Development Holdings, LLC
Gafford Builders, Inc.

JBS Construction & Development, LLC
JBS Construction & Development, LLC
Rabalais Homes, LLC
KM-Ron Builders, LLC
Mallard Crossing
07/09/10 Montrachet Development, LLC
Burlington Lakes
01/12/11 Acadian Development Central, LLC
$595,000
$219,000
$144,000
$216,000
17
6
4
6
$35,000
$36,500
$36,000
$36,000
$543,000
$435,500
$238,500
$1,074,500
$269,250
10
8
4
19
6
$54,300
$54,438
$59,625
$56,553
$44,875
$450,000
10
$45,000
Dunbar Construction, LLC

Gafford Builders, Inc
Rabalais Homes, LLC
Patterson Homes, LLC
Patterson Homes, LLC
Gafford Builders, Inc
$430,000
$218,500
$434,000
$213,500
$210,500
$211,500
10
5
10
5
5
5
$43,000
$43,700
$43,400
$42,700
$42,100
$42,300
Hoo Shoo Too Lakes

06/01/11 Sundance Development, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
$1,035,000
$1,019,700
$1,049,400
23
22
22
$45,000
$46,350
$47,700
Cameron Oaks
07/21/11 Tiger Bend Development, LLC
Nominal Lot Size: 60'x100' (60'x70' usable)

DSLD, LLC
$481,000
13
$37,000
Woodstock
07/21/11 DAGR, LLC
04/20/12 DAGR, LLC
10/22/12 DAGR, LLC
Nominal Lot Size: 75'x140'

DSLD, LLC
First Horizon, LLC
DSLD, LLC
$1,080,000
$1,064,000
$1,092,000
27
28
28
$40,000
$38,000
$39,000
Oaks Reserve
12/01/11 Lake Pointe Properties
Nominal Lot Size:70'x150' and 75'x150

$813,900
$1,629,700
$379,000
$379,000
21
43
10
10
$38,757
$37,900
$37,900
$37,900
Copper Mill
12/12/11 George W. Robinson, Jr., Real Estate, LLC
09/07/12 The Meadows of Coppermill, LLC
Nominal Lot Size: 60'-65'x100' (Filing 6A), 80'x165' (Filing 6B), 60'x140' (Filin
John M. Engquist
$1,476,300
37
$39,900
DSLD, LLC
$1,610,000
35
$46,000
Redwood Lakes
02/16/12 Redwood Lake, LLC
05/18/12 Redwood Lake, LLC
DSLD, LLC
DSLD, LLC
Marshal Bond Estates

02/10/12 Level Ventures, LLC
Nominal Lot Size: 50'x130' and 70'x150

DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
Audubon Lakes
Nominal Lot Size:90'x140' and 84'x142'
03/16/12
Pleco, LLC
Green Trails at Shenandoah

04/30/12 Green Trails at Shenandoah, LLC
10/01/12 Green Trails at Shenandoah, LLC
DSLD, LLC
DSLD, LLC
Long Farm
03/08/13 Long Farm Development I, LLC
$1,116,000
$576,000
31
16
$36,000
$36,000
$572,000
$416,000
$72,000
$156,000
$228,000
$194,000
15
11
2
4
6
6
$38,133
$37,818
$36,000
$39,000
$38,000
$32,333
$1,395,000
31
$45,000
$240,000
$240,000
4
4
$60,000
$60,000
$4,709,000
65
$72,446
Magnolia Lakes
01/18/13 Magnolia Lakes, LLC
10/15/13 Magnolia Lakes, LLC
DSLD, LLC
DSLD, LLC
$2,400,000
$2,400,000
50
50
$48,000
$48,000
Hidden Grove
09/26/13 DAGR, LLC
Nominal Lot Size:50'x120'

DSLD, LLC
$2,470,000
52
$47,500
Lake at Anselmo
Nominal Lot Size:43'x90' Including Private Servitude of Passage

DSLD, LLC
$480,000
12
DSLD, LLC
$480,000
12
DSLD, LLC
$480,000
12
Twin Lakes
11/14/13
11/20/13
11/22/13
11/27/13
12/04/13
01/07/14
01/07/14
01/07/14

Jim E Clark Limited Liability Partnership Number 1 Gafford Builders, Inc.
Jim E Clark Limited Liability Partnership Number 1 Biggs Construction, LLC
Jim E Clark Limited Liability Partnership Number 1 Gafford Builders, Inc.
Jim E Clark Limited Liability Partnership Number 1 Travis C. McGraw
Jim E Clark Limited Liability Partnership Number 1 Dunbar Construction, LLC
Jim E Clark Limited Liability Partnership Number 1 Patterson Homes, LLC
$60,000
$168,000
$620,000
$62,000
$330,000
$228,000
$54,000
$54,000
1
3
11
1
6
4
1
1
$40,000
$40,000
$40,000
$60,000
$56,000
$56,364
$62,000
$55,000
$57,000
$54,000
$60,000
AscensionParishBulkLotSales
Keystone of Galvez
08/29/08 Keystone of Galvez, LLC
Nominal Lot Sizes: Large Lots 75'-80' x 140'-195' Small Lots 50'-60' x 125'
Vicknair Builders, LLC
$500,000
10
$50,000
$400,000
10
$40,000
$450,000
10
$45,000
$385,000
10
$38,500
$450,000
11
$40,909
$400,000
10
$40,000
05/26/09
Keystone of Galvez, LLC
A T Management Company, LLC
$7,690,000
199
$38,643
06/30/10
09/16/10
08/31/11
07/27/12
07/27/12
06/28/13
06/28/13


DSLD, LLC
DSLD, LLC
$1,540,000
$1,190,000
$2,610,000
$1,145,000
$1,150,000
$3,243,000
$1,175,000
44
34
70
34
29
69
25
$35,000
$35,000
$37,286
$33,676
$39,655
$47,000
$47,000
Acadiana of Ascension
06/03/09 Right or Wrong, LLC

A T Managment Company, LLC
$238,000
$1,258,000
$269,500
7
37
5
$34,000
$34,000
$53,900
Essen Terrace
Nominal Lot Size: 70'x150' to 75'x140'

$640,000
20
$32,000
Gateway Cove
05/09/08 America Homeland, LLC
Nominal Lot Size: 70'x150' to 70'x170'

DSLD, LLC
$4,554,000
99
$46,000
Jamestowne Court
06/23/09 Jamestowne Court, LLC

DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
$345,000
$172,500
$172,500
$345,000
$345,000
$172,500
10
5
5
10
10
5
Wesley Place
08/26/09 Rodney Sheets

$885,500
23
Pecan Ridge
07/15/08 Pecan Ridge Properties, LLC

$1,771,000
46
Norwood Lakes
03/11/08 G & G Land Ventures, Inc., etal.

DSLD, LLC
$792,000
23
Cornerstone
06/27/08 Doran Enterprises, Inc.
Nominal Lot Size:70'x160' to 78'x135'

DSLD, LLC
$772,050
16
Carrington Court
09/09/09 Carrington Court Subdivision, LLC

$650,000
$650,000
$325,000
$325,000
$171,500
20
20
10
10
7
Hidden Haven
10/26/09
Royals at Oakridge, LLC
Stafford Custom Homes, Inc.
$891,000
27
$33,000
10/26/09
10/26/09
10/26/09
10/26/09
06/10/09
08/18/11
08/18/11
08/18/11
03/15/12
03/15/12
03/15/12
03/15/12
05/03/12

Sarepta Homes, Inc.
Lorico, Inc.
Sarepta Homes, Inc.
KFD, Inc.
SBD, Inc.
Sarepta Homes, Inc.

Lorico, Inc.
KFD, Inc.
SDB, Inc.
$297,000
$198,000
$198,000
$198,000
$325,000
$315,000
$140,000
$140,000
$253,436
$72,411
$144,820
$108,616
$85,000
9
6
6
6
10
9
4
4
7
2
4
3
2
$33,000
$33,000
$33,000
$33,000
$32,500
$35,000
$35,000
$35,000
$36,205
$36,205
$36,205
$36,205
$42,500
Prairie Village Acres

04/01/10 First National Bank USA

$962,500
35
$27,500
The Sanctuary
07/20/10 The Sanctuary of Ascension, LLC
12/12/11 Regions Bank

DSLD, LLC
DSLD, LLC
$910,000
$210,000
26
6
$35,000
$35,000
The Crossing
07/22/10 Manchac Harbor Partners, LLC
08/19/11 Fetzer Properties of Louisiana, LLC

DSLD, LLC
DSLD, LLC
Richland Estates
11/22/10 Dayla Properties, LLC
$1,680,000
$80,000
42
2
$40,000
$40,000
$350,001
$38,889
Lake Summerset
11/10/10 A T Management Company, LLC
08/19/11 A T Management Company, LLC
DSLD, LLC
DSLD, LLC
$409,000
$240,000
10
6
$40,900
$40,000
Stonegate Manor
06/22/11 First Horizon, Inc.

DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
$430,000
$430,000
$602,000
$172,000
$720,000
$2,385,000
10
10
14
4
16
53
$43,000
$43,000
$43,000
$43,000
$45,000
$45,000
Wrenwood
07/21/11 Wrenwood, LLC
W. Glenn Sheets
$812,500
19
$42,763
Orange Grove
10/06/10 Renaissance Orange Grove, LLC
$800,000
35
$22,857
West Creek Estates

11/14/11
Germany Land Development, LLC
$1,450,000
29
$50,000
$325,000
10
$32,500
Oaks on the Bluff

11/03/11 Richard M. Carmouche
DSLD, LLC
Bullion Crossing
07/09/12 .Bullion Development, LLC
Nominal Lot Size: 50'x125'-140'

DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
$675,000
$675,000
$675,000
$720,000
$675,000
$1,080,000
$720,000
15
15
15
16
15
24
16
$45,000
$45,000
$45,000
$45,000
$45,000
$45,000
$45,000
West's Ridge
08/01/12 Picciola Land Company, LLC
Nominal Lot Size: 70'x150'-180'

DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
$360,000
$360,000
$360,000
$252,000
10
10
10
7
$36,000
$36,000
$36,000
$36,000
Mossy Oaks

DSLD, LLC
$2,880,000
$1,530,000
64
34
$45,000
$45,000
Shadows at Manchac
11/27/13 Shadows at Manchac Development, LLC
12/27/13 Shadows at Manchac Development, LLC

DSLD, LLC
DSLD, LLC
$1,020,000
$552,500
24
13
$42,500
$42,500
Shadows of Ascension
01/09/14 Livnjoy Ascension, LLC

ELD Shadows of Ascension
$1,008,000
18
$56,000
Renaissance
01/15/14 All Star Land, LLC
DSLD, LLC
$1,680,000
24
$70,000
Multiple Subdivision Lot Sales

08/06/10 Vicknair Builders, LLC
DSLD, LLC
$274,680
$45,780
11/10/10
DSLD, LLC
$373,625
10
$37,363
10/19/11
A T Management, LLC
DSLD, LLC
$835,000
24
$34,792
LivingstonParishBulkLotSales
Juban Parc
12/29/09
09/01/09
05/26/09
06/03/09
08/17/09
10/16/09
10/16/09
03/22/10
Nominal Lot Sizes: Large Lots 70' x 140' Small Lots 45' x 110'
$54,000
2
$224,000
8
A T Management, LLC
$1,762,500
66
$327,500
10
$293,287
9
$546,930
17
DSLD, LLC
$280,680
10
A T Management, LLC
$1,068,000
39
$27,000
$28,000
$26,705
$32,750
$32,587
$32,172
$28,068
$27,385
Autumn Run
08/24/09 Autumn Run at Walker, LLC
08/24/09 Autumn Run at Walker, LLC
Nominal Lot Size: 70' x 140'

A T Management, LLC
$448,000
$168,000
16
6
$28,000
$28,000
Deer Crossing
08/24/09 John Blount, Inc.
08/24/09 John Blount, Inc.

A T Management, LLC
$448,000
$168,000
16
6
$28,000
$28,000
Daryl Martin Williams

Natal Builders, LLC
Renaissance Forest Park, LLC
A T Management, LLC
A T Management, LLC
A T Management, LLC
A T Management, LLC
Renaissance Forest Park, LLC
Lake at Grays Creek

04/19/11 Fleet Development, LLC

DSLD, LLC
$412,500
$412,500
$687,500
$577,500
$302,500
$220,000
$220,000
$137,500
16
15
25
21
11
8
8
5
Wyndham Estates
01/25/08 CJS Development, LLC
06/16/11 Wyndham Estates, LLC
02/27/14 Wyndham Estates, LLC

Wisteria Place, LLC
Wisteria Place, LLC
$560,000
$686,400
$699,300
16
16
17
Gardens at Cross Creek

02/20/08 KBR Development, LLC
02/27/08 KBR Development, LLC

Comfort Construction Company, Inc.
Jarreau Builders, LLC
$300,000
$299,900
10
10
Pine Meadows
09/02/09 BDMF, LLC
08/19/09 BDMF, LLC
06/03/09 BDMF, LLC
01/29/09 BDMF, LLC
08/06/08 BDMF, LLC
05/05/08 BDMF, LLC
01/25/08 BDMF, LLC
Nominal Lot Size:60' x 150'

D R Horton, Inc. - Gulf Coast
$354,737
$59,000
$494,584
$594,722
$695,546
$685,160
$674,000
12
2
17
20
25
25
25
Lakes at Meadowbrook
09/07/10 Meadowbrook Development, LLC
Nominal Lot Sizes: 75' x 150' and 50' x 100'

DSLD, LLC
SQC, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
DSLD, LLC
Audubon Lakes
11/15/12 Audubon Lakes, LLC
$213,000
$213,000
$213,000
$213,000
$248,500
$177,500
$213,000
$213,000
$177,500
$319,500
6
6
6
6
7
5
6
6
5
9
$35,500
$35,500
$35,500
$35,500
$35,500
$35,500
$35,500
$35,500
$35,500
$35,500
Nominal Lot Sizes: 80' x 170'

$1,308,000
$93,800
$136,700
30
2
3
$43,600
$46,900
$45,567
Gray's Creek
05/29/13 Lonesome Development, LLC
Nominal Lot Sizes:70' x 130'

DSLD, LLC
$240,000
$30,000
Whispering Willow
04/15/13 Jamestown Properties, LLC
Nominal Lot Sizes:75' x 133'

$203,500
11
$18,500
NEWDEVELOPMENT
VerandaatUniversityClub
BardwellConstruction/ScottBardwell
MemoireDriveadjoiningthePracticeFacility
68totalLots
TypicalLot50x145
GroundBreakinginApril
Startwith5or6SpeculativeHomes
Expecttoget4or5presold
1900to4000squarefeet
$350,000to$475,000
Rearalley,homesclosetothestreet,pocketparksand
greenspaces,strictarchitecturalcontrol.Raisedslabsand
lotsofcoveredporches
JamestownSquare
AlvarezConstructionandDevelopment
PerkinsRoad,nearPecue Lane
51totalLots
50x100
25PresoldHomes/NoSpeculative
ConstructiononhomesstartedinApril
$247,900to$254,900
Adjoinsthelargerdevelopmentwhichincludesclub
house,pool,etc.
ThePreserveatHarveston
JohnFetzerandMikeWampold
Accessedoff HarvestonWaywhichintersectsBluebonnetBlvd.
HarvestonWaywillbecompletedtoUCinSpringof2018
OriginalPUDapprovedin2007for1,650homes
32lotshavesold around9undercontract
30homessoldorundercontract
TownhouseLots24willbe$50,000to$55,000
FrontLoadLots60willbe$70,000to$85,000
RearLoadAlleyLots45to50willbe$70,000to$85,000
ClubHousebyALJonesand2milesoftrailsincludedinfirstfiling
HomepricesinfirstPhase$350,000to$475,000
4builders,ChuckDupree,BoFetzer,AlanColby,TylerWatson
LexingtonPark
Totalof280Homes
OffNicholsonadjoiningLexingtonEstates
FirstPhase80Homes
LotsSize35feetzerolotlinehomes
HomePricesstartat$225,000
SeparateaccessFromLexingtonEstates
SubdivisionconstructiontobeginbyJune
Homeconstructiontobegin4th quarter2013
JointClubHousewithLexingtonEstates,Workoutarea,
TennisCourt,PoolSplashPark,$600,000allocatedfor
construction
LongFarm
RussellMoselyDeveloper
LongEstatePropertyAirline,Jefferson,BaringerForemanRoads
FirstPhaseof64lotsfrontonBaringerForemanCompletedandSoldto
DRHortonatanaveragepriceof$72,500+
Totallotsproposed:460dsf
Slowstartcurrently12homescompletedorunderconstruction
Pricehasnowreachedequilibriumoverofthehomesaresold
Rangeofpricesinfirstphase$375,000to$475,000
19planssothatnomorethantwoofthesameplansusedinPhaseI
Futurefilingsmaybecustomplanswithlocalarchitectsandbuilders
NewGrocerystoreclosingonlandpurchaseinFallof2014
MultifamilyprojectannouncedinAprilof2014
StatusofRouzan2014
TotalLotsSold73
37wereforcustomhomessoldinCreeksideandMimosa
Phases
36arespecifictotheCottageprogramofwhich4werebuilt
asmodels
Todate3ofthehomesbuiltintheCottageprogramhavesold
and19lotsweresoldtoonebuilderfortheCottageProgram
StatusofRouzan2014
NAI/LatterandBlumCommercialhandlingPerkinsfrontage
construction
Libraryappearstobeout
TNDOrdinancewasrescindedbaseduponcontrolofthe
servitude
OrdinancewasrevisedandapprovedbyPlanning
Commission,andmostlikelybeapprovedbyCityCouncilnext
week
TheDeveloper,TommySpinosa ,willhavetoresubmit
GregDucote,Southdownresidentvocalopponentisnowa
memberofPlanningCommission.
ParkerPlaceEstates
LA44andParkerRoad AscensionParish
88Lotsaroundasmalllake
Homesavailablelatespring
2,000squarefeetto2,900squarefeet
Sellinghomesnotlots
$200,000to$300,000
AmericanaZachary
RobertDaigleandSteveOubreinvolved/RiverRanch
NeartheintersectionofOldScenicHwyandChurchStreet
96lotscompleted,totaldevelopmentwillbeover800
120acresofGreenSpace
10homesunderconstructionwith3presold
NoneofthelotsarewithintheFloodZone
NorestrictionsonBuildersbutveryStrictArchitecturalControls
5AcreMixedusespace/CommercialParcel
LotPrices$40,000to$80,000 40X100to60X120
WidenLA64Bikelanesand22MedianextendeddownLAHwy964
7millionYMCAwithsplashparkandTennisOpenedSept2013,nowhas
3,000members,Americanaresidentsget1yearfree
Keystone,9th Filing
54newlots
70x170and75x140
AllsoldtoDSLDatabulkprice
Sellinghomesnotlots
FrenchSeriesfor$180,000to$215,000
VirginiaSeriesfor$150,000to$170,000
CopperMill,7th Filing
LA964NearHwy64
NewFilinginGolfCourseCommunityinZachary
34newlots
60x130
AllsoldtoDSLDatabulkprice
Sellinghomesnotlots
$255,000to$295,000
HiddenGrove
OffCoursey Blvd.,adjoiningParkviewOaks
52lots,50x120,ZeroLotLines
SoldinBulktoDSLD
Homes$195,000to$245,000
MossyOaks
OffHwy74andBabin RoadinAscension
128lots
70x150
SoldinBulktoDSLD
Homes$225,000to$275,000
DSLDQuality
RepetitiveHomeconstructionrevealsdesignflaws
PunchListItemsDSLD
Atclosing
120daysafterclosing
240daysafterclosing
365daysafterclosing
Predictionsfrom2013
Salesvolumewillgoupagainnextyear
Up19.17%
Lotsaleswillincreasebutbedominatedbybulksalesagain
DSLD,HortonandLeveldominatetheMarket
HomePriceswillincrease SalePricesup3.36%
Inventorywillnotchangedramatically Down3.12%
VolumeBuilderswillcontinuetodominatethemarket
Thesmallhomebuilderwillhavelesstroublegetting
speculativeconstructionfinancing
Lenderswillbemorewillingtodospeculativeconstruction
IwillgetonemoreGrandchildKathrynTaylorarrived

2014 TRENDS in Baton Rouge Real Estate Combined Presentations

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2014 TRENDS in Baton Rouge Real Estate Combined Presentations

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BATON ROUGE

Scot Guidry, CCIM

Source: Louisiana Department of Economic Development and The Advocate

Scot Guidry, CCIM, Co-Chairman

Mathew Laborde, CCIM, Co-Chairman

Todd Pevey, MPA

Branden Barker, CCIM, CPM

Brent Garrett, CCIM, SIOR

Ryan Greene, CCIM

David Lakvold, MAI, SRA

The Lakvold Group

STUDY AREA (BATON ROUGE MSA)

Source: Baton Rouge Area Chamber and LEO, LLC

HISTORICAL VACANCY RATE

Econ. Recession Effect

NET ABSORPTION (SF)

Econ. Recession Effect

HISTORICAL INVENTORY TOTAL

MAP OF VACANT BUILDINGS

SAMPLE INDUSTRIAL LEASE RATES

Lease Rate Range

Office Warehouse Older

Office Warehouse New

Bulk Warehouse Older

Bulk Warehouse New

laydown yard area

SAMPLE INDUSTRIAL LAND PRICES

on land tracts consisting of 210 Acres

YOUR OTHER WAREHOUSE

YOUR OTHER WAREHOUSE

AMERICAN TIRE DISTRIBUTORS

PERFORMANCE WBR PIPEYARD

PORT OF BATON ROUGE

DELTA DR (ST. GABRIEL)

New River Parish

COMMERCE POINTE DR (GEISMAR)

GATEWAY INDUSTRIAL PARK

GATEWAY INDUSTRIAL PARK

GATEWAY INDUSTRIAL PARK

GATEWAY INDUSTRIAL PARK

INDUSTRIPLEX AVE (GEISMAR)

ST. LANDRY RD (GONZALES)

2013 NOTICEABLE TRENDS

On your mark, get set,

Real Estate Finance Trends 2014

MBA estimates more than 30%

Hundreds of new laws and regulations

All Qualified Mortgages are to comply

A loan that meets the product feature

Any mortgage originated by a

Louisiana is a great market for RD

All of these challenges bring great

All of these challenges bring great

Lowest amount since tracking began in

In a recent CMBS that priced last

Source: Mortgage Bankers Association

Multi-Tenant Industrial Self Storage

HUD is closing the NOLA

Cash out is an issue

Real Estate Finance Trends 2014

Baton Rouge Apartment Trends 2014

Affordable Housing (LIHTC)

Total # of Units Built Post-Katrina

Units per year