Comprehensive 115-Unit Repositioning with $23,000/Unit Capex Investment: The Flats at Turfland and The Landing at Malabu offer investors a fully repositioned 115-unit portfolio with 100% of the marketed units renovated. Current ownership has invested approximately $2.65 million ($23,043/unit) across unit interiors, building systems, exteriors, and site infrastructure, significantly reducing near-term capital requirements for new ownership.

Two Additional Units Offer Conversion Upside: In addition to the marketed 115 units, the portfolio includes two currently non-rentable units—one at each property—that are utilized as office and maintenance space. Neither unit has been renovated, providing new ownership with the potential to renovate and convert the spaces into additional rentable units.

Lexington Rent Growth Outpaces National Average: Lexington continues to demonstrate positive multifamily fundamentals, with CoStar reporting 3.0% trailing-12-month rent growth as of Q2 2026, compared with 1.2% nationally. Lexington’s rent growth also exceeded Cincinnati, Columbus, and Indianapolis during the same period.

Proximity to Lexington’s Premier Retail Corridor: The portfolio offers convenient access to the Nicholasville Road retail corridor, anchored by Fayette Mall and The Summit at Fritz Farm. Fayette Mall encompasses approximately 1.16 million SF and is anchored by Dillard’s, Macy’s, JCPenney, Dick’s Sporting Goods, and H&M, while The Summit adds 300,000 SF of retail and restaurants within a mixed-use destination featuring approximately 60 retailers and restaurants.

Access to Highly Rated Schools: Both properties provide residents access to highly rated Fayette County schools. The Landing at Malabu is zoned for an elementary school rated 8/10 overall, with its zoned middle and high schools each earning 9/10 for test scores. The Flats at Turfland is zoned for a middle school rated 8/10 overall and a high school rated 10/10 overall, providing a compelling location attribute for households prioritizing access to quality public education.

Access to Lexington’s Major Employers: The portfolio benefits from access to a substantial and diversified Fayette County employment base. Major employers include the University of Kentucky (26,846 jobs), Fayette County Public Schools (6,761), Lexington-Fayette Urban County Government (3,484), Baptist Health (2,851), Amazon (2,700), Veterans Medical Center (2,384), Catholic Health Initiatives (2,029), Lockheed Martin (1,600), Lexington Clinic (1,133), and Lexmark International (1,000).