Exclusive: BRG Apartments Sells Cincinnati Asset
The buyer financed the acquisition with a nearly $16 million Freddie Mac loan.
Geller Associates has acquired Four Worlds, a 201-unit multifamily community in Cincinnati, according to Yardi Matrix information. BRG Apartments sold the property after 22 years of ownership.
Capital One issued a $15.9 million Freddie Mac loan with a 10-year term, according to the same source. The asset marks Geller Associates’ fourth property in the local market, bringing its Cincinnati footprint to 785 units.
Recently, the company made another investment in the metro. In March, Geller Associates purchased Olde Towne, a 198-unit property in the Middletown, Ohio submarket. The buyer secured a $15.8 million acquisition loan from the same lender, while Zidan Management Group sold the asset, Yardi Matrix information shows.
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Four Worlds is a 14-building community at 8292 Four Worlds Drive. It occupies a 5.5-acre lot in the city’s College Hill neighborhood, close to State Route 126 and Interstate 75. It is in an area with access to multiple retail options as well as major employers, including the University of Cincinnati, Mercy Health and GE Aerospace. The city’s downtown is 14 miles away, while Cincinnati/Northern Kentucky International Airport is within 26 miles of the property.
Four Worlds came online in phases between 1973 and 1984. The unit mix includes one- and two-bedroom apartments with an average size of 897 square feet. Interiors include washers and dryers, vinyl plank flooring, patios or balconies and walk-in closets.
Amenities at the pet-friendly community comprise a swimming pool, a playground, a courtyard, laundry facilities and 350 parking spots.
Cincinnati multifamily market navigates challenges
Cincinnati’s multifamily market posted mixed operating fundamentals at the end of the second quarter of 2026, according to a Lee & Associates report. Average asking rents reached $1,378 per unit, up modestly from the $1,372 per unit average from the previous quarter.
New supply pressures eased as the metro’s multifamily construction pipeline had 3,971 units underway, down from the 4,496 units recorded during 2026’s first three months. The average sale price reached $120,626 per unit at the end of the second quarter, largely unchanged from the $120,701 per unit price from a quarter earlier. Amid high vacancy and elevated supply, Cincinnati investors remained selective, the report shows.
