The Rentals at Coventry_Property for Sale
The Rentals at Coventry_Property for Sale

The Rentals at Coventry

2396 Huntly Place, Lexington, KY, 40511, US

Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the unique opportunity to purchase a fee-simple interest in The Rentals at Coventry (the “Property” or the ”Asset”), a 125-home build-to-rent (BTR) community ideally situated in Lexington, KY. The Rentals at Coventry is positioned to capitalize on Lexington’s dynamic growth, strong economic fundamentals, and robust demand for high-quality rental housing. Lexington features a diverse employment base rooted in healthcare, education, equine, and advanced manufacturing sectors, which continue to drive population growth and attract new residents. The metro’s impressive 2.0% year-over-year employment growth and its #8 national ranking in single-family new lease asking rent growth (Burns Single-Family Rent Index) highlight significant rent appreciation and market stability. Residents enjoy proximity to top-rated schools, abundant retail, dining, and recreational amenities, and an outstanding quality of life, reinforcing the Property’s appeal to renters from a wide range of backgrounds. The Rentals at Coventry presents investors with the rare opportunity to acquire a best-in-class, fully stabilized BTR community in one of the nation’s most compelling rental markets.

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Attributes

Number of units
125
Occupancy
96.8%
Year built
2022
Total SF
232,682

Media

Investment Highlights

  1. Rare Opportunity to Acquire a Stabilized, High-Quality BTR Community
  2. 5.9% Rent Growth on Recent Leases
  3. No Recently Delivered or Under Construction BTR Communities Within the Lexington Market
  4. Best-In-Class, Institutional Grade Construction
  5. Lexington MSA projected over 6.0% rent growth in 2026
  6. Strong In-Place Cash Flow and Proven Property Performance
  7. Ideal Combination of Suburban Living with Urban Convenience just 5 Miles from Downtown Lexington
The Rentals at Coventry 4_Property for Sale
The Rentals at Coventry 4_Property for Sale

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The Rentals at Coventry (0 Properties)

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Last updated
30 Oct 2025