Beitel Group Acquired Chestnut Ridge Apartments in Louisville, KY

Beitel Group Acquired Chestnut Ridge Apartments in Louisville, KY

BROOKLYN, N.Y. & LOUISVILLE, Ky.--(BUSINESS WIRE/AETOSWire)--Beitel Group, a NY-based single-family office, has acquired Chestnut Ridge Apartments, a 384-unit apartment complex in Louisville, Kentucky.

The Property

Chestnut Ridge Apartments consists of 12 3-story brick buildings containing 369,792 square feet and features numerous floorplans that offer 1, 2, and 3-bedroom options. Surrounded by restaurants, retail, entertainment, and some of the best parks in the area, Chestnut Ridge offers a small town feel that caters to the work/live/play lifestyle. The property is located just off Taylorsville Road in the historic Jeffersontown, Kentucky, a high-growth submarket in Louisville’s affluent east end.

The nearby Gaslight Square District is a thriving and growing modern town square that blends seamlessly with its historic roots. The brick lined sidewalks with working gaslights are home to a vibrant restaurant, retail, and art scene. The annual Gaslight Festival is an 8-day event that brings in over 200,000 people to the area.