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

700 Landis Ridge Drive
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This MultiFamily property located in KY was sold for $230,000,000 about 2 years ago. The brokers of the deal were Jay Weiner, Jonathan Brody, and Aaron Jungreis

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.

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Deals
  • Location
    700 Landis Ridge Drive700 Landis Ridge Drive
  • Sale Price
    $230,000,000$230,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Jay Weiner

Jay Weiner

Deals7
Sold$611.9M

Agencies

Rosewood Realty Group

Rosewood Realty Group

Agency
Deals370
Volume$6.5B

Base Realty Group

Base Realty Group

Agency
Deals28
Volume$1.1B

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Deal Summary

SALE IMAGE: Jonathan Brody & Jay Weiner DATE: 12/29/2021 ADDRESS: 700 Landis Ridge Drive & 400 Mallard Creek Road MARKET: Louisville, KY ASSET TYPE: Multifamily BUYER: Stoneweg US - Charles Ackerman SELLER: Lifestyle Communities - Jack Knowles BROKERS: Jonathan Brody & Jay Weiner @RosewoodRG SALE PRICE: $230,000,000 UNITS: 1,246 ~ PPU: $184,590

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700 Landis Ridge Drive

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