Home » Newmark closes the sale of student-housing project in Lexington

Newmark closes the sale of student-housing project in Lexington

The LEX

LEXINGTON, Ky. — The sale of The Lex, a mid-rise student housing asset consisting of 649 beds located in Lexington, Kentucky.

Lang and Brett, also in cooperation with Corson in Kentucky, represented the seller, CF Real Estate Services in partnership with SFO, in the sale of The Lex to buyer Boston-based real estate investment company William Fideli Investments. Transaction Manager, Ben Harkrider’s support was also instrumental throughout the process.

The Lex features 266 units and 649 beds and is within walking distance of the University of Kentucky (UK). The asset is located on the north side of campus and is the closest purpose-built student community to Rupp Arena, home to UK’s powerhouse men’s basketball program. The partially completed renovation offers the buyer a value-add asset with a proven upside.

 

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