ELIZABETHTOWN, Ky. — The Kirkland Company recently completed the $47 million investment transaction sale of The Reserve at Cool Springs, a 216-unit multifamily community in Elizabethtown, Ky. The deal was handled by Brandon Wilson, Brian Devlin and John Seale of Kirkland.
Completed in 2023, the Class A apartment community has two- and three-bedroom floor plans finished with modern appliances, balconies and garage parking. It includes a clubhouse, pool, fitness center and outdoor entertainment areas.
Positioned just off Ring Road, The Reserve at Cool Springs benefits demand for quality multifamily housing in an Elizabethtown-Fort Knox market where construction of a $5.8 billion Ford EV battery plant is adding 5,000 jobs to the area. The market has seen 5.8% rent growth the past year, compared to a 2% national decrease.
Wilson, Devlin and Seale brokered an investment transaction between buyer The Reserve at Cool Springs Property LLC and seller Reserve at Cool Springs LLC.
The Kirkland Company is headquartered in Nashville and specializes in the sale of apartment communities in 13 states across the Midwest & Southeast. The TKC team has closed over 965 multifamily investment transactions since its inception.
After the COVID epidemic’s impact led to a slowdown in 2022-23, in 2024 there is a return to equity interests seeking large deals.
Seale said Kirkland has information on multifamily opportunities in Kentucky, Indiana, and Ohio.
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