Monument Capital Management, an A-Rod Corp. company, has acquired Triple Crown at Tates Creek, a 228-unit garden-style multifamily community in Lexington, KY. The sales price was not disclosed.

Built in 1974, Triple Crown at Tates Creek is located at 3501 Pimlico Pkwy. Units include brushed nickel finishes, private patios and balconies, wood-style flooring, dishwasher and heating. Community amenities include a swimming pool, fitness center, playground, barbecues with outdoor dining and a dog walk area. This is the firm’s fourth property as part of Monument Opportunity Fund IV. The property will undergo an extensive capital improvements project. Monument Capital Management now owns a total of 24 properties with nearly 5,000 units throughout the Sun Belt region and the Midwest.

Brad Williamson and Wesley Moczul of Berkadia’s Miami office secured acquisition financing on behalf of Monument Capital. Terms included a three-year, floating rate loan with two one-year extension options and full-term interest-only payments.

The seller was undisclosed.

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