A Cincinnati-based company has made two apartment acquisitions in the area, making its entrance into the Louisville market.
Vision & Beyond Capital Investments closed on the 79-unit The Quad Apartments at 600 Marshall St. in Louisville and 52-unit Lofts on Third at 309 Spring Street in New Albany, Indiana. A press release said the developer is planning to invest $20 million to acquire and renovate both properties.
“We are focused on expanding our operations in 2022, and we chose to enter Louisville because we see a lot of promise in this market,” Stas Grinberg, co-founder and managing partner at Vision & Beyond, said in the release. “These acquisitions give us an opportunity to diversify our portfolio with a new asset class.”
-Eleanor Tobert, Louisville Business First
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