The McEnery Company successfully represented Waypoint Residential in the due diligence and acquisition of an approximately 20 acre site for development of a 285 unit apartment development being a part of the Fremaux Town Center lifestyle center in Slidell, Louisiana. Our representation included extensive financial modeling, site work analysis and related negotiations all of which delivered an attractive purchase entry for our client. Waypoint Residential is an institutional-grade multi-family developer with successfully delivered projects in over 20 states across the U.S. As of early 2021, the project is nearing completion, and the initial lease-up efforts have been very successful. Most recently, Amazon just announced a new fulfillment center to be developed in immediate proximity to the site.
