Fairstead, Keybank Real Estate Capital Acquire $52M, 16-Multifamily Kentucky Portfolio

Fairstead and KeyBank Real Estate Capital have acquired 950 units of affordable housing for families and seniors across KY for $52 million. With the acquisition, Fairstead now owns nearly 1,300 units across Kentucky.

The portfolio consists of 16 properties located in Louisville, Bardstown, Barbourville, Hardin, Hodgenville, Lexington, Mayfield, New Haven, Scottsville, Shepherdsville and Radcliff. The residences are a mix of family and senior housing and are affordable through U.S. Department of Housing and Urban Development Section 8 and LIHTC programs.

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