LOUISVILLE, KY – Beitel Group, a New York-based single-family office, has acquired Chestnut Ridge Apartments, a 384-unit apartment complex in Louisville, Kentucky.
The Chestnut Ridge Apartments consist of 12 three story brick buildings covering 369,792 square feet and have numerous floor plans with options for 1, 2 and 3 bedrooms.
Surrounded by restaurants, retail stores, entertainment and some of the best parks in the area, Chestnut Ridge offers a small-town atmosphere that suits the lifestyle of work, life and play. The property is located directly on Taylorsville Road in historic Jeffersontown, Kentucky, a high-growth submarket in Louisville's affluent East End.
The nearby Gaslight Square District is a thriving and growing modern city square that blends seamlessly with its historic roots. The brick-lined sidewalks with working gas lights are home to a vibrant restaurant, retail store, and art scene. The annual Gaslight Festival is an 8-day event that brings over 200,000 people to the region.
Beitel Group is a New York-based family office focused on the acquisition and development of multi-family and commercial properties across the country while pursuing a value creation strategy. Beitel currently owns and operates a multi-family portfolio in nine states with more than 8,000 units.
Source: Beitel Group