Springs on Winchester – Lexington, KY
Year Built: 2014
Price per Unit: $140,873
Sold: Off Market
CAP Rate: 5.79%
A Boston based investment group, West Shore, LLC, has acquired a class ‘A’ property in the very popular Hamburg
area (‘A’ location).
The Wisconsin based national developer, Continental Properties – 8th largest developer in the country*, built the asset in 2014 and is currently developing additional class ‘A’ product in both strong markets of Lexington and Louisville, KY. The townhome-style community features granite, gated access and a pet spa among other high-end amenities
Ken Silvestri has deep roots in Lexington. As a youngster in the 1960’s he worked at his grandfather’s fruit stand located in downtown. He is the owner and principal broker at Silvestri Real Estate. Ken began his career in residential real estate in 1990. By 1994, he was recognized as one of the top producing agents in the United States at Re/max International. In 2000, he transitioned to apartment community brokerage. And that is now his Teams specialty. Their tagline is ‘Single Focus-Multifamily’. The team has brokered over 8000 apartment units in Lexington with total lifetime sales near one billion dollars. He and his wife Tammy (of 37 years) own apartments in Lexington and have their offices at Goodwin Square. Ken is a board member of Fayette Alliance. Ken is an avid hiker and photographer capturing landscapes from Patagonia to New Zealand.