The Louie

Property Overview

Location: 2444 Maple Ave, Burlington, NC

Units: 135

Acquired: April 2024

Completed: Q1 2025

The Louie Apartments

The Louie is located in Burlington, North Carolina. Formerly an OYO hotel, The Louie has been transformed into a 135-unit apartment community featuring studio apartments priced at attainable rents.

The property includes an outdoor pool, a fitness and wellness center, tenant storage lockers, a clubhouse and game room, and a beautifully landscaped interior courtyard with a picnic and BBQ area. There is also 4,500 square feet of retail space that will be leased to a commercial tenant.

Highlights:

  • The property is located in an Opportunity Zone.

  • Burlington is centrally located at the intersection of North Carolina’s Research Triangle and the Piedmont Triad. It is one of the fastest-growing cities in the state, with over 1.6 million people in the MSA.

  • Located in Alamance County, approximately 20 minutes from Greensboro and 40 minutes from Research Triangle Park.

  • Just 15 minutes from Buckhorn Industrial Park, a 178-acre site with 580,000 square feet of Class A industrial space, with an additional 800,000 square feet expected in the next phase of development.

 
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