Heritage Hill is a 163 unit apartment and townhome complex in the Middletown area of Louisville, KY. The property consists of one, two, and three bedroom units. Underhill Associates has been involved in this property in a number of capacities for over a decade. In 2002, the company purchased the underperforming asset, which is situated in a desirable location in the affluent east end of the city. Underhill Associates immediately instituted better and more efficient management practices in order to stimulate leasing activity, raise rental revenues, and lower maintenance expenses. This led to a successful refinance of the project and later a sale in 2013. The project is still managed by Underhill Associates on behalf of the new owners. Currently, Underhill Associates is coordinating the renovation
of all units to further improve the value of this asset.