Our Portfolio
188 Units — Raleigh
Lexington Farms
Units: 188
Year built: 1988
Location: Raleigh, North Carolina
Acquired: December 2019
Purchase price: $28.0 million
1031 exchanges: 5
Equity invested: $13.2 million
CapEx budget: $2.2 million
Raleigh Named a Top 10 Market to Watch in 2023: "The metro areas in the Supernova category markets have had tremendous and sustained population and job growth. They also have above-average levels of economic diversity." -ULI Emerging Trends in Real Estate
New owner of Raleigh apartments plans millions worth of upgrades -Triangle Business Journal
Investment Highlights
Lexington Farms is directly adjacent to the popular Laurel Hills city park, containing the biggest playground in Raleigh. It sits along the busy Creedmoor/Edwards Mill corridor just moments away from the affluent North Hills shopping center.