FARMINGTON, MI - Village Green and L3C Capital Partners LLC are pleased to announce a new multifamily housing partnership in the St. Louis area. Village Green has been awarded management of four luxury apartment communities in the Creve Coeur and Lake St. Louis markets. This brings the number of apartments Village Green manages and/or owns in the St. Louis area to 4,000 units.
L3C Capital Partners LLC, a New York-based investment company, recently purchased a portfolio including four St. Louis multifamily communities. The properties of Cross Creek, Cove West, Westchase and Cedar Lakes will each undergo multi-million dollar renovations, including individual apartment upgrades. The construction and interior design will be led by Village Green Construction and Village Green Interiors, two Village Green companies. The communities will be managed by Village Green’s St. Louis regional office.
“We are excited to partner with L3C Partners with the addition of these four St. Louis communities to our Missouri portfolio, and look forward to a long and mutually beneficial relationship,” said Diane Batayeh, COO, Village Green. “In addition to providing exceptional customer service, we look forward to exceeding ownership’s expectations with respect to the financial performance of these properties.”
Cross Creek, built in 1986, will be the first L3C Capital Partners LLC community to undergo interior and exterior renovation. The property will be rebranded and renamed Waterfront Crossing at Creve Coeur.
“Village Green brings a history of success with similar type value-added assets. Its results-oriented culture aligns well with L3C’s focus on excellence and execution,” said Chaim Kiffel, principal, L3C Capital Partners.
About Village Green
Village Green is the 26th largest manager of luxury apartment communities with offices in Chicago, Cincinnati, Dallas, Detroit, Minneapolis and St. Louis. Established in 1919, Village Green operates nearly 40,000 units in 13 states under five distinct brands: Village Green, City Apartments, Regents Park, Village Park and Leading Furnished Suites. Village Green is the only multifamily housing company to accomplish a 3PEAT, winning CEL & Associates’ award for customer service excellence in 2009, 2010 and 2011. Explore villagegreen.com
L3C Partners, LLC
L3C Capital Partners LLC is a private real estate investment firm specializing in multifamily residential properties. Headquartered in New York, L3C’s portfolio includes assets in Missouri, Texas, Maryland, Florida, New Jersey and the New York metro area. For additional information please visit www.l3cpartners.com