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| Amanda Friant |
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| Wick Kirby |
CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF)
announces it has closed the sale of Hurstbourne Estates, a 270-home, luxury, garden-style apartment
community located in the East End of Louisville, Kentucky.
HFF marketed the
property on behalf of the seller, Inland Residential Properties Trust, Inc. (a
member company of The Inland Real Estate Group of Companies, Inc.), and procured the buyer, Peak Capital Partners.
Hurstbourne Estates is located at 10405 Watermark Place
with easy access to downtown Louisville and a multitude of demand drivers,
including Churchill Downs, Louisville Slugger Field, Kentucky International
Convention Center, University of Louisville and the KFC Yum! Center.
Completed in 2014,
the 17-building property comprises a mix of one-, two- and three-bedroom floor
plans that average 1,059 square feet.
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| Sean Fogarty |
Units feature
granite counters, Shaker-style espresso cabinets, energy-efficient appliances,
wood-style flooring, crown molding, in-unit washers and dryers, patios or
balconies, open layouts and oversized closets with built-in shelving.
Select homes also
provide private entrances and direct-access attached garages.
Community amenities
include manicured courtyards and walking paths, controlled access, a business
center, resort-style swimming pool and sundeck, expansive fitness center, dog
park, modern club house, community kitchen, recreation room with billiards
table and barbeque and picnic areas.
The community was
94% occupied at closing.
The HFF investment
advisory team included senior director Wick Kirby, managing director Sean
Fogarty, director Kevin Girard and associate Amanda Friant
along with managing director Marty O’Connell, a licensed Kentucky real
estate broker.
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| Kevin Girard |
About
Inland Real Estate Group of Companies, Inc.
With a business track record spanning five decades, The Inland Real Estate
Group of Companies, Inc., is an industry leader and one of the nation’s largest
commercial real estate and finance organizations.
As a business
incubator, Inland specializes in creating, developing and supporting Inland
member companies that provide commercial real estate-related services and
alternative investment funds, including limited partnerships, institutional funds
and non-listed and listed REITs, and investment advice through a registered
investment advisor.
The companies that are members of The Inland Real Estate Group of
Companies, Inc., which is headquartered in Oak Brook, Illinois, cumulatively
employ more than 1,000 people nationwide.
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| Marty O'Connell |
Inland
member companies have owned and managed hundreds of millions of
square feet of various commercial property types in 49 states.
“Inland” refers
to some or all of the entities that are part of The Inland Real Estate Group of
Companies, Inc. which is comprised of independent legal entities some of which
may be affiliates, share some common ownership or have been sponsored and
managed by Inland Real Estate Investment Corporation or its subsidiaries.
About Peak
Capital Partners
Peak Capital
Partners and its affiliates own and manage conventional, affordable, and
student apartment communities in growth markets in the United States.
Founded in 2007, the firm owns more than 20,000 apartment units representing
more than $2 billion in value.
CONTACTS:
WICK KIRBY
HFF Senior Director
(312) 980-3611
MARTY O’CONNELL
KY Lic. #68521
HFF Managing
Director
(312) 528-3653
OLIVIA HENNESSEY
HFF Public Relations
Specialist
(713) 852-3403
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