Stoneweg US acquires two Louisville multifamily communities for $230m

Stoneweg US has made the $230 million acquisition of Middletown Landing and Mallard Crossing at St. Matthews, two premiere assets in the Louisville MSA. The deal marks the largest for the company to date.

The sizeable deal was sourced off-market, adding 1,246 units to the company’s growing portfolio, currently tracking to reach nearly 15,000 units by year-end.

Middletown Landing offers 646 spacious units that include a majority of townhome style units with an average unit size of nearly 1,100 sq ft and boasts elite finishes and interiors such as granite countertops, 9-foot ceilings, subway tile backsplashes, and trendy wood-style plank flooring. Best-in-class exterior amenities include a two-story fitness center, resort-style pool, volleyball courts, and The Goat, an onsite full-service restaurant that offers convenience and notable distinction from neighboring residences. Built in 2014 and 2016, Middletown Landing is nestled in the South Jefferson Middletown submark