A joint venture partnership between Denton Floyd Real Estate Group, LDG Development and a private investor has sold Lakeside Gardens, a 360-home luxury apartment community in Jeffersonville, Ind., in the Louisville MSA, for $67.15 million.
JLL represented the sellers. JLL also worked on behalf of the buyer, S&S Properties, to secure $42.68 million, a seven-year, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital.
Lakeside Gardens is located at 4101 Herb Lewis Road, two miles north of downtown Louisville in the fast-growing Southern Indiana submarket. In recent years, this area has boomed because of its proximity to River Ridge Commerce Center, a key employment hub with more than 12,000 jobs across 80 companies. Residents also enjoy access to public schools, shopping and entertainment at the riverfront downtown of Jeffersonville.
Lakeside Gardens, built in 2022, offers a single-family lifestyle with an average unit size of 1,244