JLL Capital Markets announced the closing of the sale of Vue 180 on the Water, a community of 93 Class A housing units in the greater Cincinnati area of Newport, Kentucky.
JLL marketed the good on behalf of the seller, Graycliff Capital Partners. Core Real Estate Capital acquired the property.
180 Water View includes one and two bedroom units averaging 939 square feet. The apartments feature gourmet kitchens, large custom closets, nine to 10 foot ceilings, oversized windows, a washer and dryer in the unit, and spacious private balconies in some units. Community amenities include a fitness center, resident lounge, grill station and picnic area, dog park, enclosed covered parking and controlled building access.
The property, located at 300 Riverboat Row, is a five-minute drive from downtown Cincinnati, a 20-minute drive from the Cincinnati / Northern Kentucky Airport, and a 10-minute drive from the Cincinnati Municipal Airport. -Lunken Field. Residents of Vue 180 at the Water enjoy easy access to the Cincinnati and Northern Kentucky area via bridges, bike trails, and highways. Three bridges – for vehicles and one for pedestrians – connect Newport to downtown Cincinnati. Additionally, two bridges at the western edge of Newport connect to the town of Covington. The community has excellent access to I-471, which provides connectivity to I-275 and I-71, facilitating transportation to all of Northern Kentucky and greater Cincinnati. Plus, residents have easy access to the Southbank Shuttle Trolley, which runs through the waterfront towns of Newport, Covington, and downtown Cincinnati, making traveling between entertainment venues, sports arenas, shopping and dining easy. and pleasant.
The JLL Capital Markets investment sales advisory team that represented the seller was led by Managing Directors David Gaines and Trent Niederberger, Senior Managing Director Matt McCune and Managing Director Marty O’Connell.
“This sale has provided the buyer with an excellent opportunity to acquire a stabilized multi-unit property in a highly desirable location overlooking downtown Cincinnati, which will allow them to further expand their multi-family portfolio in the immediate vicinity,” said Gaines said.
JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupants. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients, whether it is investment advice, debt placement, equity placement or recapitalization. The company has more than 3,700 capital markets specialists around the world with offices in nearly 50 countries.