BRENTLINGER
PARK
LOUISVILLE · KY · 2024
LONG TERM HOLD & OPEX
METRICS.
SIZE
113 UNIT GARDEN STYLE
STRATEGY
OPEX & EQUITY
IMPACT
SUBMARKET GROWTH
PARTNERS
ENDURUS & GREYSTONE
RAISE
$400,000
RETURNS
18% AAR (Under Mgmt.)
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Strategically located near major retail centers and just outside I-265, Brentlinger Park benefits from strong demand drivers. The property's recent stabilization at 90% occupancy and below-market rents present an opportunity for rental growth, further enhancing its investment appeal.
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DESCRIPTION.
This is a case study of a Sample Deal, not an offering. See disclaimer for details.
Black Bull Capital pursues opportunities that blend entitlement and land value upside with ongoing cash flow. Projects like the Zindorf in Seattle, listed by Kidder Matthews, exemplify the types of strategically zoned, Class A assets we target, offering both near-term income and long-term development potential. These are the kinds of assets we are actively seeking to develop.
DESCRIPTION.
Black Bull Capital's (formerly Three Krown Capital) Co-GP investment at Brentlinger Park Townhomes, a newly built, 113-unit Class A community in Louisville features spacious two-bedroom, 2.5-bath units with modern finishes and efficient systems. The high-quality construction and low-maintenance design provide investors with a stable, low-risk operating profile, while strong occupancy and room for rent growth make it a compelling long-term asset.