JLL has successfully facilitated the $67.15 million sale and $42.68 million acquisition financing for Lakeside Gardens, a 360-unit luxury apartment community located in Jeffersonville, Indiana, within the Louisville metropolitan statistical area (MSA).
The sellers, a joint venture partnership that included Denton Floyd Real Estate Group, LDG Development, and a private investor, were represented by JLL in the sale. Additionally, JLL secured a seven-year fixed-rate Fannie Mae loan on behalf of the buyer, S&S Properties. The loan will be serviced by JLL Real Estate Capital, LLC.
The JLL Capital Markets Investment and Sales Advisory team managing the sale included Director Amanda Friant, Managing Director Mark Stern, and Senior Analyst Colleen Watson. The Debt Advisory team supporting the buyer was led by Director Medina Spiodic, Senior Managing Director Matthew Schoenfeldt, and Associate Becca Brielmaier.
The property, Lakeside Gardens, is situated at 4101 Herb Lewis Road, just two miles north of downtown Louisville in Southern Indiana. Completed in 2022, the community offers a modern, single-family lifestyle, with units averaging 1,244 square feet. The apartments feature one-, two-, and three-bedroom layouts, catering to a range of residents.
This transaction highlights the ongoing demand for high-quality multifamily properties in the Louisville area and the expertise of JLL’s Capital Markets team in navigating complex real estate transactions.
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
