Atlanta-based Songy Highroads has acquired 136 rental units at Jefferson Place, a 234-unit apartment and townhome community at 7975 N. Jefferson Place Circle off Jefferson Highway.
The sellers were local developers John Fetzer and Hardy Swyers.
The price was not disclosed.
“The Baton Rouge market has come a long way in the past few years, and its future looks bright,” said Todd Nocerini, chief operating officer of Songy Highroads. “This deal provides a great opportunity for us to diversify our business while strengthening our presence in the Louisiana market.”
Songy Highroads also owns five office buildings in Louisiana, including four in the Acadian Thruway/College Drive area and a fifth in Metairie.