Recently acquired by Gold Block Ventures LLC, the Thrive at Creekside community includes 264 garden-style apartments and 100 townhomes within the broader Creekside mixed-use development in Parkville.
Firm led by ex-Rams player scores deal in Metro East
Gold Block Ventures named "New Market Player" in St. Louis multifamily market
NEW MARKET PLAYERS
Two relatively new players in the region’s multifamily market expanded their local footprint. Indianapolis-based Pearl Cos. unveiled plans for new projects, bringing its total investment in St. Louis to nearly $200 million. In addition, Denver-based Gold Block Ventures, led by former St. Louis Rams player Adam Goldberg, acquired the New Town Apartments in St. Charles.
Firm led by former Rams player acquires St. Charles apartments
Denver-Based Gold Block Ventures Acquires New Town Apartments in St. Charles, Missouri
GOLD BLOCK VENTURES ANNOUNCES THE ACQUISITION OF NEW TOWN APARTMENTS IN ST. CHARLES, MISSOURI
ST. CHARLES, Missouri – Gold Block Ventures (GBV), a Denver-based real estate investment and development firm, along with partners Reiter & Associates and Chase Properties Ltd., announces the acquisition of New Town Apartments in St. Charles, Missouri.
New Town Apartments is a 157-unit luxury residential property with an additional 68 units under development in New Town at St. Charles, a highly-amenitized master-planned community in St. Charles County. 2B Residential, an employee-owned, full-service multifamily real estate company and recipient of the 2018 Property Management Company of the Year by the St. Louis Apartment Association has been awarded the management and leasing assignment.
The acquisition of New Town Apartments is consistent with Gold Block Ventures’ strategy to invest in well-built multifamily assets in stable markets to provide stakeholders with attractive risk-adjusted returns. This transaction marks GBV’s second multifamily acquisition in the St. Louis Metro Area in the past 18 months. According to Adam Goldberg, GBV President, “This transaction presents a unique opportunity to be a part of the wildly successful and growing master-planned New Town community within the strong St. Charles County submarket.”
Additional information about GBV and this transaction and can be found at www.goldblockventures.com.
2B Residential is headquartered in St. Louis, MO with a portfolio of 20 properties totaling over 3,700 units in the St. Louis and Kansas City, MO and Southwestern Illinois markets. For more information, visit www.2BResidential.com.
Contact:
Gold Block Ventures
Adam Goldberg – 307.399.1980 – AGoldberg@goldblockventures.com
The names “New Town” and “The New Town at St. Charles” are trademarks owned by NTHB (with whom we are not affiliated) and are used solely with the express permission of NTHB and may not be used or reprinted without the express written permission of NTHB.
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