LOUISVILLE, KY – West Shore, a multifamily real estate investment firm, has bought Haven on Tucker, a brand-new Class A property in Louisville, Kentucky. The company continues to grow its national footprint with the addition of this 370-unit apartment community. West Shore’s expanding national portfolio now includes more than 9,800 apartment homes.
“This acquisition is representative of West Shore’s plot to continue to build our presence in growing markets, where we can leverage our regional teams and expertise,” said Steven P. Rosenthal, Chairman of West Shore. “We expect to continue our significant growth in Kentucky, and nationally as well.” The company owns and operates three other properties in Kentucky: Hamburg Farms, Enclave at Hartland, and 1809 at Winchester, all in Lexington.
Located at 12601 Charles Farm Circle, Haven on Tucker provides modern, luxury living just east of downtown. The community offers state-of-the-art amenities and spacious floor plot layouts with high-end features. Each apartment has stainless steel appliances, kitchen islands and breakfast bars, crown molding, hardwood-style flooring, and quartz or granite countertops. Amenities include a fully equipped fitness and wellness center complete with spin bikes, yoga room, steam room, and massage room, saltwater swimming pools, dog park, and professional-grade pet spa. The property is in a neighborhood with fine dining, shopping, and top-notch entertainment options, and is an ideal location for exciting apartment living.
“We are pleased to buy another exceptional asset in Kentucky,” said West Shore President Lee Rosenthal. “Haven on Tucker is a valuable addition to our portfolio and our team looks forward to delivering high-quality housing and an brilliant resident experience.”

Powered by WPeMatico

VENTURA, CA – Apartment Ventures is pleased to announce the acquisition of Ashwood Gardens, a 96-unit residential property in Ventura, California. With this addition in mid-February, Apartment Ventures completed close to $150M in transactions in Q1 2021. With two more transactions in the pipeline—one in Orange County, CA and another in the Phoenix metro area—2021 is off to a fantastic start at Apartment Ventures.
Ashwood Gardens is a $29M+ asset well-positioned close to Ventura s downtown area and Ventura City College, with entertainment and harbor amenities nearby. Until now, the community has been held by a single owner since its development in 1980. Structurally, the asset has been carefully maintained, and Apartment Ventures looks forward to incorporating their industry-leading renovation and management skills as part of their value-add plans over the next two years.
Ashwood Gardens property boasts two spacious unit types perfect for a growing work-from-home market, offering both 865 square feet and 1,240 square feet units, all with either a balcony or patio. The community also provides enhanced homelike amenities such as pool, club-house, billiards room, fitness center and privacy gate, within a tranquil, park-like setting.
Apartment Ventures ability to buy this and other unique assets is due in large part to their established relationships within the entire multi-family community.
As a single-owner property, Ashwood Gardens is a once-in-a-generation buy, says Kari Wilfong, Principal & COO at Apartment Ventures. We re very proud of this buy and of all that we have accomplished so far this year. Our successful transactions are the result of deep relationships within our target regions, and we are looking forward to bringing all our experience and skills continue adding value to these already brilliant communities.

Powered by WPeMatico

GAITHERSBURG, MD – Affiliates of Harbor Group International, LLC (HGI), a privately owned international real estate investment and management firm, announced the sale of The Gateway, previously Jefferson at Orchard Pond, a 748-unit, garden-style apartment community in Gaithersburg, Md., a submarket of Washington, D.C.
HGI bought the property in 2015 and instituted a capital improvement program to enhance the marketability of the asset. HGI initiated an HVAC conversion project to decrease net utility costs of the asset and implemented plans to address deferred maintenance, improve curb appeal and renovate the interiors of 200 units. HGI also repositioned the property’s amenity set with the addition of outdoor kitchen stations and two dog parks and improvements to the property’s clubhouse, tennis courts and other common spaces.
“The Gateway is a prime example of Harbor Group International’s value-add strategy of positioning assets to better compete in their respective markets,” said Richard Litton, President of HGI. “Located in a prominent submarket, The Gateway was quick to achieve its business plot and generated significant value for our investors.”
Built in 1973 and 1975, The Gateway is located in the “DNA Alley” area of Montgomery County, known as a hub for large biotechnology firms centered on the National Institutes of Health. The property is well-located, within walking distance to the Metropolitan Grove MARC rail station and near the Shady Grove Metro Station, providing simple travel throughout the Washington, D.C. metro area. The property is also accessible to D.C. and Baltimore through Interstates 270 and 370.

Powered by WPeMatico