
The Lex
Premium off-campus housing near the University of Kentucky with modern amenities and stylish interiors.
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Acquisition | |
Total Funding | 000k |
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The Lex is a premier off-campus housing community located in Lexington, KY, catering primarily to students of the University of Kentucky. The company offers a variety of floor plans, including studio, one, two, three, and four-bedroom apartments, all featuring modern amenities and stylish interiors. Key features include designer lighting fixtures, updated cabinetry, TVs in each unit, granite countertops, spacious kitchens with subway tile backsplashes, and stylish pendant lighting. Additionally, residents benefit from complimentary internet and cable, GE washer and dryer sets, and fully furnished options. The Lex underwent a significant $2.5 million renovation in 2019 and continues to upgrade its units to maintain a fresh and modern look. The business model revolves around leasing these upgraded apartments to students, generating revenue through rental income. The market is highly competitive, focusing on providing superior amenities and a comfortable living experience to attract and retain tenants.
Keywords: off-campus housing, University of Kentucky, student apartments, modern amenities, renovated units, Lexington KY, designer interiors, furnished options, rental income, student living.