Focused Capital has identified Heritage Square as a standout investment with strong fundamentals and a compelling value proposition. The combination of constrained supply, rapid rent growth, and proximity to major employment hubs makes this an exceptional opportunity for investors seeking both stability and upside.
Why Heritage
Square?
A Rare ‘Class A’ Opportunity at a Discounted Basis
-
Acquired at $146K per unit, well below replacement cost ($160K-$180K per unit)
-
Going-in 6%+ cap rate, outperforming value-add deals with much older assets
-
Stabilized with immediate income and operational upside.
Strong Cash Flow & Appreciation Potential
-
Positioned for future appreciation as supply remains constrained.
-
Louisville ranks #1 in rent growth (5.4%) nationally, driving upside potential
-
Sellersburg’s 12-month moratorium on new developments further tightens supply
Prime Location with Major Job Growth
-
6,000-acre River Ridge Commerce Center just 3 miles away, home to 18,000+ jobs
-
Key employers: Amazon, Samtec, GE Appliances, Baptist Health
-
Direct access to I-65, connecting residents to downtown Louisville in under 15 minutes
