A Florida private equity firm has purchased the Woodside Manor Apartments at 1251 N. Ardenwood Drive for roughly $4 million.
The deal was filed with the East Baton Rouge Parish Clerk of Court’s Office today.
The seller is the Federal Home Loan Mortgage Corp. of McLean, Virginia. The corporation acquired the complex by sheriff’s deed in a foreclosure sale dated Sept. 9.
The buyer is Serenity Apartments at Baton Rouge, a limited liability company under the Elevation Financial Group of Winter Park, Florida. Serenity Apartments and Federal Home Loan Mortgage Corp. entered into a multifamily property sale agreement on May 13.
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A spokesman for Elevation Financial Group says the firm is not ready to release additional details about the purchase.
