The Lexington Apartments
Lexington Apartments was bought on November 2019 and is a 267 -unit apartment community which was built in 1982 and is located in Sarasota, Florida
The city of Sarasota located in the Northwest corner of the County of Sarasota, just south of Manatee County. Sarasota is just an hour south of Downtown Tampa and has a population of ~420,000 that is projected to grow to ~450,000 by 2023.
The asset boasts spacious floorplans (1,040 sf.) in a mix of townhomes and flats with a unit mix of one-bedroom, two-bedroom, three-bedroom and four-bedroom layouts. The spacious floorplans attract longer-tenured residents and families due to the property being zoned for strong schools.