Stoneweg U.S. has bought JRG Lofts, a 178-unit, mixed-use, apartment community in Mainstrasse Village, a national historic district in Cincinnati. The acquisition further expands the company’s geographic footprint in the Midwest, which accounts for approximately 30 percent of its current portfolio.
“The Midwest region is home to some of the strongest performing assets in our portfolio, and we’re confident JRG Lofts will be no exception,” said Matt Levy, executive vice president and head of investments for Stoneweg U.S.
An off-market opportunity, the newly constructed apartment community JRG Lofts, opened its doors in late 2021. The five-story, L-shaped building features 178 units consisting of modern one- and two-bedroom apartments and seven ground-level townhomes. The property was designed with best-in-class amenities that range from a full-service rooftop area for residents that features a saltwater pool, two green lounge areas, shaded dinning spaces, a firep
