Today, Birgo Capital is proud to announce that we have completed our first multifamily acquisition in the state of Kentucky!
The Views at Crescent Hill is a 132-unit, Class B garden-style multifamily community located at 2201 Biljana Drive in Louisville, KY, approximately three miles east of Downtown Louisville. The property represents Birgo's continued commitment to providing quality, affordable housing in communities where it matters most.
"We are incredibly excited to be expanding our operations into Kentucky," said Andrew Reichert, CEO of Birgo Capital. "This acquisition represents a meaningful expansion of our footprint and reflects our ongoing mission of improving lives through real estate, for our residents, our investors, and the communities we serve."
This acquisition marks the fifth state and the seventh major metropolitan market in which Birgo Capital owns and operates multifamily assets.
Bringing Quality Housing to Louisville
The Views at Crescent Hill is a well-maintained workforce housing community with strong in-place fundamentals and a clear path to long-term value. Key highlights include:
- Exceptional physical condition: All units were renovated in 2010, with an additional ~$3.7 million of capital investment by prior ownership, resulting in minimal deferred maintenance at acquisition and a high-quality living environment for residents.
- Supply-constrained submarket: With no new multifamily units currently under construction in the submarket and high barriers to entry, the property is well-positioned to serve Louisville's workforce housing needs for years to come.
- Diversified, resilient employment base: Louisville's economy is anchored by major healthcare systems (Norton Health, UofL Health, Baptist), UPS Worldport, one of the world's largest air freight hubs, and a robust manufacturing sector, supporting stable, long-term household demand.
- Highly walkable location: Situated approximately three miles east of Downtown Louisville, the community offers residents convenient access to daily-needs retail, including grocery, pharmacy, and essential services, within approximately a two-minute walk.
Growing the Heartland Portfolio
This acquisition adds to Birgo Capital's growing portfolio of more than 3,600 units and $350 million in assets under management across America's Heartland. Since the firm's founding in 2012, Birgo has maintained a consistent track record of delivering for both investors and residents, with zero missed investor distributions since inception.
The Views at Crescent Hill advances Birgo's mission of #ImprovingLivesThroughRealEstate, delivering well-maintained, affordable workforce housing while generating meaningful returns for the investors who make it possible.
Expanding Access to Real Estate Investment
The Views at Crescent Hill was funded by Birgo's growing community of 300+ accredited investors spanning 27 states.
For those who are not qualified to participate directly in syndications such as this one, Birgo recently announced the launch of Reiturn, a new platform that enables non-accredited investors to access real estate investing with as little as $1,000.
To learn more about investing with Birgo, contact InvestorRelations@birgo.com.
.png){kind=logo}
