Four Mile Capital And Midloch Investment Partners Acquire Frontgate Apartments In Louisville For $38.25M

The property asset involved in this transaction is the Frontgate Apartments, a multi-family complex located at 7400 Snow Bend Ave in the Louisville, KY market. The property consists of 212 units and was sold for $38,250,000, translating to a price per unit of $180,425. The buyer also took over an existing HUD-backed loan of $27 million associated with the property.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $38,250,000
• Units: 212
• Price Per Unit: $180,425
• Buyer: Christopher W. Geer - Four Mile Capital & Andy Sinclair - Midloch Investment Partners
• Seller: Affiliate of Overlook Development
• Loan Amount Assumed: $27,000,000

The transaction involved notable participants, with Christopher W. Geer representing Four Mile Capital and Andy Sinclair representing Midloch Investment Partners in the acquisition of the property. The seller is an affiliate of Overlook Development, signifying collaboration among established entities in the real estate sector.