CARMEL, INDIANA (June 29, 2021) – Lauth Communities, a wholly-owned subsidiary of Carmel-based Lauth Group, Inc, completed its second multifamily acquisition in Bowling Green, Kentucky. Cumberland Trace Village Apartments is located at 280 Cumberland Trace Road and features 144-units on an 11.5-acre site. The acquisition was completed on June 25th.
The Class-A property offers residents a comprehensive amenity package including a fitness center, dog park, saltwater pool with sundeck, playground, business center and a picnic area with grills. The one-, two- and three-bedroom floorplans range in size from 902 SF to 1,367 SF and feature open floorplans with granite countertops and black appliances. Detached garages are also available. Full property details are available through the leasing website, cumberlandtraceapartmentliving.com.
The New York based Rosewood Realty Group team of Jonathan Brody and Jay Weiner assisted Lauth Communities with the acquisition. Acquisition financing was provided by Merchants Capital represented by Brian Shelbourne and Mike Dury. Legal representation was provided by David Adams at Krieg DeVault LLP in Carmel, IN and John Treitz and Elizabeth Hurley at Stoll Keenon
Ogden PLLC in Louisville, KY.
With the addition of Cumberland Trace Village to its multifamily portfolio, Lauth Communities has grown to over $232 million in assets with nearly 1,600 units under management and ownership.
About Lauth Communities
Lauth Communities, a division of Lauth Group, Inc., was established in 2014. Backed by more than four decades of real estate investment experience, Lauth Communities focuses on the acquisition and management of high-quality apartment communities in strategically selected Midwestern markets and currently owns and manages more than 1,600 units. Committed to creating a best-in-class experience for its residents, associates and investors, Lauth Communities strives to provide a valued investment in the communities it serves.