Pine Brook Apartments – 29 units – Cincinnati, OH
Pine Brook Apartments is a 29-unit property located in Cincinnati, Ohio. It is part of a two-property portfolio of 29 units each, located within a mile of one another. Pine Brook was acquired in March 2018 for $1.540MM. Rents were increased with every turn-over and renewal thus increased the value quickly. It was financed with US Bank, with DeDee Stump as a co-sponsor on the recourse loan. The property sold for 2.085MM in mid-2021.