Lakeside Gardens

Jones Lang LaSalle Americas, Inc (“JLL”), a licensed real estate broker, is pleased to present Lakeside Gardens, a 360-unit luxury apartment community located in Jeffersonville, Indiana—a dynamic and developing suburb of Louisville.

This charming community offers above-and-beyond single-family living featuring massive 1,244 SF average floor plans, flawless finishes, and a fully-loaded amenities package. Delivered in 2022, Lakeside Gardens is now approaching stabilization at 95% physical occupancy (98% pre-leased) and 70%+ retention. This strong property performance aligns with recent headlines from both RealPage and CoStar ranking Lousville the #1 Multifamily Rental Market in the US after posting 5% 2Q24 Effective Rent Growth.

Located 2 miles from downtown Louisville, Jeffersonville features a lively riverfront downtown, A- rated schools, and seamless connectivity to all of Louisville via I-265, I-65, and even the Big Four Pedestrian Bridge. The main driver of this burgeoning Southern Indiana submarket is regional economic engine, the River Ridge Commerce Center, a 16M SF development employing more than 12,000 people at more than 80 companies including Amazon, Medline, GE Appliances, and recently-announced, Meta. River Ridge Commerce Center is only 60% developed as of today.

Given Louisville is highly regarded for its financial stability, diverse economy, infrastructure, and affordable living, numerous Fortune 1000 Companies (Humana, Yum Brands, Brown-Forman) and the UPS Worldport call the metro home. The MSA is also known for the Kentucky Derby, Louisville Slugger Museum, antique/ specialty stores, and gourmet dining.

Lakeside Gardens presents an unbeatable opportunity to acquire a quality asset in the path of progress in a top US rental market. This Property is available free and clear and qualifies for a substantial mission driven agency financing discount.