LEXINGTON, KY - KIG CRE announces the $2 million sale of a 5-acre plot of land that is part of the Hamburg Place Community in Lexington, Kentucky. An affiliate of Steadfast Companies purchased the land, located along Polo Club Drive, to develop independent living, assisted living and memory care facilities. The seller, POLO 1, LLC, was represented by KIG CRE's Principal and Managing Broker Susan Tjarksen, Managing Partner Todd Stofflet and Partner Jason Stevens.
“KIG and its sales team have been a part of many of the land sales for developments at Hamburg Place,” said Todd Stofflet, Managing Partner at KIG CRE. “This development will be a great addition to the market and serve a growing need for luxury senior housing.”
“Years in the making, it’s exciting to be a part of this premier development in Lexington,” said Jason Stevens, Partner at KIG CRE.
The planned development will include a total of 124 units, including independent living, assisted living and state-of-the-art memory care and is part of the Hamburg Place Community. The 160-acre community includes businesses, shops and restaurants that run along I-75. The land was previously a horse farm — also named Hamburg Place.
About KIG CRE: KIG CRE is a data-driven institutional multifamily brokerage firm based in Chicago and operating throughout the Midwest. KIG CRE works with institutional owners and investors on the acquisition and disposition of large multifamily properties, including both newly constructed and existing value-add assets, as well as larger portfolios and land sites. To date, the KIG CRE team has brokered more than $2.4B in multifamily sales – including more than 33,000 units and more than 145 acres of land zoned for multifamily development. Learn more at www.kigcre.com