Larry Connor Of The Connor Group Acquires Hurstbourne Estates In Louisville For $51.8M
10405 Watermark Place
$51,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 26, 2026
AI
The property involved in the transaction is a 270-unit multifamily asset located at 10405 Watermark Place in Louisville, KY. The sale price for the property was $51,800,000, and it spans across 17 acres, with a price per unit of $191,852.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $51,800,000
- Units: 270
- Address: 10405 Watermark Place
- Market: Louisville, KY
- PPU: $191,852
- Financing: $38.2 million Freddie Mac loan
- Loan Arranger: CBRE Capital Markets
- Buyer: Larry Connor - The Connor Group
- Seller: Chris Manning - Peak Capital Partners
- Acquisition Date: 06/26/2026
The deal involved Larry Connor representing The Connor Group as the buyer and Chris Manning representing Peak Capital Partners as the seller. This transaction marks a significant addition to The Connor Group's portfolio in the multifamily sector.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93