LOUISVILLE, Kentucky, December 8, 2025 — Cushman & Wakefield | Commercial Kentucky’s Craig Collins and Austin English, in partnership with Cushman & Wakefield’s Mike Kemether and James Wilbur, have brokered the sale of the Southern Indiana 3 Portfolio on behalf of the seller, Shamrock Communities of Salt Lake City, Utah. The buyer is The Clear Blue Company, a Nashville-based real estate firm focused on long-term stewardship of essential multifamily housing focused on preserving and developing essential workforce housing.
The portfolio includes 312 units across three well-located workforce multifamily communities in Sellersburg and Jeffersonville, Indiana:
• Ashby Apartments – 7722 Old State Hwy 60, Sellersburg | 80 units
• Carrington Apartments – 3104 Holmans Lane, Jeffersonville | 88 units
• Lakeview Apartments – 7000 Lake Drive, Sellersburg | 144 units
All three properties sit within a 12-minute drive of Downtown Louisville, offering direct access to the metro’s expanding employment centers and ongoing investment north of the river. Strong regional connectivity, steady population growth, and durable renter demand continue to support multifamily performance across Southern Indiana.
“The Southern Indiana 3 Portfolio represents a compelling opportunity in one of the Louisville region’s most dynamic growth corridors,” the brokerage team said in a joint statement. “Its proximity to major employers and continued regional investment will support long-term performance for the new owner.”
“We’re excited to extend the lifespan of these communities and invest in the long-term stability of the housing they provide,” said Nick Ogden, Founder & CEO of The Clear Blue Company. “Southern Indiana is experiencing meaningful growth, and our focus is on preserving well-located communities and keeping them accessible to the region’s workforce. By investing in properties like Ashby, Carrington, and Lakeview, we’re ensuring residents benefit from improved housing, stronger management, and communities positioned to thrive for years to come.”