NEW YORK and LAKE CHARLES, LA, June 2026 – Muss Development LLC announced today that, together with its partners and local sponsor Amesbury Companies, it has acquired Erdace Apartments, a 270-unit luxury multifamily community in downtown Lake Charles, Louisiana. The acquisition was completed through an opportunistic HUD-insured loan assumption. Muss and Amesbury are also launching a multi-million-dollar capital improvements program and plan to reposition the asset as The Ryan Apartments upon completion of the renovations.
“Our acquisition and repositioning strategy centers on transforming the property into The Ryan Apartments, a luxury-oriented residential community designed to align with the evolving downtown Lake Charles market,” said Muss Development President Jason Muss. “Planned apartment and common-area improvements, together with operational enhancements, are intended to elevate the resident experience, drive meaningful rent premiums, and establish The Ryan as a high-quality, stabilized asset within the submarket.”
Founded and led by Robert Peek, Amesbury Companies is a vertically integrated multifamily real estate firm that develops, constructs, and manages residential communities across Louisiana and Texas. As local sponsor, Amesbury brings on-the-ground market knowledge and in-house operating capabilities to the repositioning of the asset.
Located in downtown Lake Charles, Erdace Apartments is a pet-friendly residential community offering a mix of studio, one-, and two-bedroom apartments featuring in-unit dishwashers, high ceilings, walk-in closets, granite counters, stainless-steel and energy-efficient appliances, air conditioning, high-speed internet access, and a private patio or balcony.
Community amenities include a clubhouse, lounge, café, fitness center, business center, indoor and outdoor pavilions, and a large outdoor swimming pool.
The capital improvements program will include upgrades and redesigns of the lobby, façades, hallways, and balconies. The community also offers residents convenient access to major employment hubs, shopping, dining, and outdoor recreation.
Southwest Louisiana is a global powerhouse in liquefied natural gas (LNG) production, with more than $21 billion in total capital commitments recently announced for the Commonwealth LNG export facility in Cameron Parish, LA.
About Muss Development
Founded in 1906, Muss Development has grown to become one of the largest family-owned real estate development companies in New York City, building more than 15 million square feet of commercial, residential, industrial, and retail space throughout the five boroughs. Over the past decade, that experience and insight have been applied to a broader geographic area as the portfolio expanded to include investments in residential communities and retail centers throughout the East Coast. For more information, visit www.muss.com.
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