Cushman & Wakefield | Commercial Kentucky and Cushman & Wakefield announced that they have arranged the sale of a five-property Louisville multifamily portfolio totaling 1,460 units in Kentucky.
The portfolio sold includes Boulder Creek Apartments, Eagles Eyrie Apartments, Lyndon Crossings, Devonshire Apartments and Partridge Meadows which are spread across the Lyndon, Jeffersontown, and in the Brownsboro Road/Zorn Avenue areas.
Craig Collins and Austin English of Cushman & Wakefield | Commercial Kentucky along with Mike Kemether and James Wilber of Cushman & Wakefield represented the seller in the transaction. The multifamily property was sold by Brown Capital and acquired by MF Capital.
“There was incredible interest in this portfolio, with approximately 40 offers being made to acquire some, or all, of the portfolio, and our experienced local team was excited to bring the asset to market. There was also a significant amount of interest in the Louisville multifamily market with such a great opportunity to invest in the city. Due to the size of this transaction, it attracted local, regional and even international attention from investment groups looking for size and the ability to scale their presence in one of the nation’s top MSA’s for rent growth,” said English, Associate at Cushman & Wakefield | Commercial Kentucky.
According to data from CoStar, Louisville was ranked in the top five U.S. markets for annual apartment rent growth for 2024.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more.
