29SC Snags 120-Unit Louisville Apartment Portfolio

Privately-held real estate operator 29th Street Capital has acquired a 120-unit apartment portfolio in the Jeffersontown submarket of Louisville, KY. The sales price was not disclosed.

The operator plans to rebrand the three-property portfolio, which are currently known as Hickory Hill, Farish and Willow Creek – to Skyview Commons. 29SC plans to make improvements to unit interiors including adding upgraded appliances, granite countertops, washers and dryers, modern vinyl tile flooring and new interior paint. The firm also plans to install new windows and upgraded electrical systems.

“This portfolio is 29SC’s seventh acquisition in Louisville and will be a strong addition to our Louisville presence, which has now reached over 780 units,” said Josh Lindley, vice president of acquisitions in the Southeast and president of property management at 29SC. “I am thrilled to add this asset to our existing local presence and also to implement 29SC’s in-house management platform Haven Residential.”