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Beitel Group Buys Louisville Property

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Chestnut Ridge Apartments has 384 units and is located in the suburb of Jefferson, Ky.: Beitel Group, a New York-based single family office, has acquired Chestnut Ridge Apartments, a 384-unit apartment community in Louisville, Ky., from Birge & Held Asset Management, which had owned the property for more than three years. The sale price was not disclosed. Located at 9601 Balsam Way off Taylorsville Road in the historic Jeffersontown, Ky., submarket, Chestnut Ridge Apartments was completed in 1969. The property consists of 12 three-story brick buildings with a total of 369,792 square feet.

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