Houston, Texas – The Millennium - Towne Center, located in the prestigious Bocage district of Baton Rouge, LA, was sold to a JV venture between Morgan Management and Thompson National Properties. The property contained 276 units divided amongst eleven three-story buildings.

The property, which was completed in 2007, experienced a very rapid lease-up and maintained an average occupancy of 95% since stabilization. The Millennium - Towne Center boasts trend-setting, modern amenities and stylish contemporary architecture. To meet the diverse needs of its residents, the Property contained everything from ground-floor loft units to top-level penthouses.

It is believed the Property sold for the highest price-per-unit ever paid for conventional apartments in Louisiana.

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