Lexington, Ky. — Vesper Holdings has acquired The Lex, a 649-bed student housing community located near the University of Kentucky campus in Lexington. Built in 2008, the four-story property offers a mix of one-, two- and four-bedroom units with bed-to-bath parity. Shared amenities including a 24-hour, state-of-the-art fitness center; resort-style swimming pool; yoga studio; study spaces; an outdoor hammock garden; and a newly renovated clubhouse and gaming lounge. Vesper partnered with an undisclosed institutional investor on the off-market acquisition, financing for which was placed by Gregg Wallace at AMA Financial. The new ownership plans to begin a capital improvement plan imminently that will include the addition of updated technology and upgrades to units and shared amenity spaces. The property will be managed by Campus Life & Style, Vesper’s in-house property management platform.
Vesper Holdings Acquires 649-Bed Community Near University of Kentucky
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