Fairstead Acquires 200-Unit Multifamily Property In Covington, Kentucky For $16.5M

101 Promontory Drive in Covington, Kentucky has been sold in a recent real estate transaction. The asset involved in this transaction is a multifamily property consisting of 200 units. The property was purchased by Fairstead, represented by Bobby Byrd. The sale price for this transaction was $16,500,000, with a price per unit of $82,500.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Address: 101 Promontory Drive, Covington, Kentucky
• Market: Covington, Kentucky

The buyer in this transaction, Fairstead, was represented by Bobby Byrd. The sale of this multifamily property highlights the continued demand for investment in the real estate market. The acquisition of this property adds to Fairstead's portfolio of properties and further strengthens their presence in the market.