- Immediate Upside of $110/Unit Via First-Generation Lease Trade-Outs and Renewals
- Premier Quality Asset – 2023 Construction
- Offered at an Extremely Attractive Basis – Significantly Below Replacement Cost
- Assumable 2.80 % Fixed Rate HUD Debt
- New Construction in Supply-Constrained, High-Demand Submarket
- Exceptional Lease-Up Velocity Highlights Asset Quality and Market Demand
- 75% 2BR and 3BR Units | Average Unit Size of 1,098 sq. ft.
- Convenient Location Near Louisville’s Strongest Economic Drivers
- Phase II Development Opportunity to Add 96 Units via HUD 241a Financing
Premier Quality Asset – 2023 Construction
Newtown Woods Apartments boasts exceptional, high-quality construction enhanced by impressive interior finishes including stainless steel appliances, granite countertops, custom tile backsplashes, wood-look flooring, and open-concept layouts filled with natural light. Units feature spacious living rooms, walk-in closets, ceramic tile bathroom floors, ceiling fans, USB outlets in bedrooms, washer/dryer connections, and private patios or decks, with select apartments offering frameless shower doors and tiled shower surrounds. Community amenities that boost tenant retention include a swimming pool, 24-hour fitness center, business center, conference room, TV lounge and game room, playground, and clubhouse.
Offered at an Extremely Attractive Basis – Significantly Below Replacement Cost
Newtown Woods is offered at a highly attractive going-in basis relative to current replacement cost and recent trades across the market. The opportunity to acquire a new construction asset featuring best-in-class finishes and amenities at a significant discount to replacement cost will position new ownership for outsized long-term returns.
New Construction in Supply-Constrained, High-Demand Submarket
Newtown Woods represents a rare opportunity to acquire a newly constructed asset strategically located in a supply-constrained submarket with minimal direct competition. As one of the few recently built communities in the area, the property commands premium rents and attracts high-quality tenants seeking superior build quality, upscale interiors, and market-leading amenities. This distinct competitive advantage positions Newtown Woods for operational upside, sustained rent growth, and strong occupancy performance.
