Germantown Mill Lofts & Swiss Village

Jones Lang LaSalle Americas, Inc. ("JLL"), a licensed real estate broker, is pleased to present Germantown Mill Lofts ("GML"), a 189-home award-winning apartment community and 19,125 sf of commercial space, and Swiss Village ("SV"), a 41-home community featuring both apartments and new construction townhomes. Located just five-minutes apart in Louisville's trendy Germantown & Schnitzelburg neighborhoods, the communities cater to young professionals and an eds & meds renter base feeding from nearby University of Louisville ("UofL") and multiple hospitals. Both properties consistently achieve top-of-market property performance with 97%+ economic occupancyfor the last six months and 3% average rent growth on new lease trade outs and 4% on renewals since January.

Southeast of downtown Louisville, the Germantown & Schnitzelburg neighborhood is renowned for its 19th-century German heritage and features colorful historic shotgun homes, excellent walkability, and a vibrant bar and restaurant scene. Both properties offer access to the thriving Goss Avenue retail corridor of local restaurants and retail, the neighborhood Kroger, and convenient access to I-65 for a 10-minute commute to downtown Louisville and top employers such as UPS, Norton Healthcare, Ford, Humana, UofL Health, Baptist Health, GE Appliances, Brown-Forman, and several other Fortune 1000 companies.

This 2-Pack is owned and managed by Underhill Associates and may be purchased together to continue in-place operating efficiencies or separately. For GML, an investor may either assume the accretive Fannie Mae loan that matures November 2031 (3.72% blended interest rate) or purchase free and clear. SV is available on a free and clear basis.

Doug Owen - KY License #: 198490