Tuscany Villas, an upscale Siegen Lane apartment complex, has been sold to a group of local investors for $27.8 million. New Hope Investors-Tuscany bought the 274-unit complex from Tuscany Reserve, which built the development. New Hope is led by John Noland. The group says it doesn’t plan on making any changes to the complex, beyond some cosmetic improvements. Tuscany Villas, which is located in the Siegen Lane Marketplace center, opened in spring 2008. Units in Tuscany Villas rent for between $825 and $1,500 a month. The complex is 94% occupied.
Siegen Lane Marketplace apartment complex sold for $27.8 million
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
