Stoneweg US Acquires Multifamily Property In Louisville, KY For $230M

An multifamily property has been sold in Louisville, KY for a total price of $230,000,000. The property, located at 700 Landis Ridge Drive & 400 Mallard Creek Road, consists of 1,246 units. The sale price per unit (PPU) was calculated at $184,590.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $230,000,000
• Units: 1,246
• Price Per Unit: $184,590

The buyer in this transaction was Stoneweg US, represented by Charles Ackerman. The seller was Lifestyle Communities, represented by Jack Knowles. The deal was facilitated by Jonathan Brody and Jay Weiner of Rosewood Realty Group.