Vesper Holdings announced the acquisition of The Lex, located near the University of Kentucky.
Built in 2008, The Lex is a four-story, 649-bed purpose-built, student housing community. The property offers a diverse unit mix including one-, two- and four-bedroom unit floor plans – all with bed-to-bath parity. The Lex is located less than 0.2 miles from the University of Kentucky’s main campus in Lexington, Ky.
Residents of The Lex enjoy a host of top-tier amenities, including furnished apartments, 24-hour fitness center, resort style pool, yoga studio, study spaces, outdoor hammock garden, and newly renovated clubhouse and game lounge.
Vesper, in partnership with an institutional investor, acquired The Lex in an off-market transaction. Vesper’s capital-improvement plan will focus on unit and amenity upgrades, as well as substantial technology upgrades throughout the community.
“Our acquisition of The Lex is part of a strategy to purchase institutio
