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JLL Arranges $67M Sale of Apartments in the Louisville MSA
JLL has secured the $67.15 million sale and $42.68 million acquisition financing for Lakeside Gardens, a 360-home luxury apartment community in Jeffersonville, Indiana, in the Louisville MSA.
JLL represented the sellers, a joint venture partnership between Denton Floyd Real Estate Group, LDG Development and a private investor. JLL also worked on behalf of the buyer, S&S Properties, to secure a seven-year, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC.
JLL Capital Market’s Investment and Sales Advisory team was led by Director Amanda Friant, Managing Director Mark Stern and Senior Analyst Colleen Watson. JLL Capital Market’s Debt Advisory team representing the borrower was spearheaded by Director Medina Spiodic, Senior Managing Director Matthew Schoenfeldt and Associate Becca Brielmaier.
Lakeside Gardens is located at 4101 Herb Lewis Rd., just two miles north of downtown Louisville in the Southern Indiana submarket. Lakeside Gardens, built in 2022, offers a single-family lifestyle with an average unit size of 1,244 square feet and a mix of one-, two- and three-bedroom layouts.
