Vision & Beyond Capital Investments has acquired the 146-unit Creekside North Apartments at 2223 Devonport Drive in Lexington, Kentucky.
This acquisition is the fourth property that Vision & Beyond has closed on in the Cardinal Valley neighborhood of Lexington, increasing the company’s total holdings to 420 units in the area.
With this latest closing, Vision & Beyond expects to invest more than $30 million on property acquisitions and related improvements in Cardinal Valley.
Earlier this year, Vision & Beyond acquired Ashland Apartments at 1329 Devonport Drive, Cambridge Park Apartments at 2045 Cambridge Drive and the Cambridge Homes multifamily development at 1980-2016 Cambridge Drive.
All properties will continue to serve a workforce housing population including middle-income, young professional and student tenants. No tenants will be displaced as renovations are underway.