Connect with us

Kentucky

FAIRSTEAD AND KEYBANK ANNOUNCE ACQUISITION OF AFFORDABLE HOUSING PORTFOLIO IN KENTUCKY

Published

on

FAIRSTEAD AND KEYBANK ANNOUNCE ACQUISITION OF AFFORDABLE HOUSING PORTFOLIO IN KENTUCKY


Fairstead and KeyBank will protect affordability for the 950-unit portfolio

16 properties be part of Fairstead’s Kentucky inexpensive portfolio, which has grown to just about 1,300 models of inexpensive housing

LOUISVILLE, Ky., Aug. 10, 2022 /PRNewswire/ — Fairstead, a purpose-driven, vertically built-in actual property firm dedicated to sustainable improvement and the creation and preservation of high-quality housing, and KeyBank Actual Property Capital right this moment introduced the acquisition of 950 models of inexpensive housing for households and seniors throughout Kentucky. House to greater than 1,500 residents, the 16 properties are positioned in Louisville and the encompassing communities, in addition to in Lexington and throughout the southwest of the state. With this acquisition, Fairstead now owns almost 1,300 models throughout Kentucky.

“Fairstead is increasing its portfolio all through the U.S. to foster vibrant communities, make sure that our households and seniors have an inexpensive, secure place to reside, and drive a sustainable future so our neighborhoods can develop and thrive,” stated Jeffrey Goldberg, CEO of Fairstead. “From launching Fairstead Ventures, our new enterprise capital arm devoted to bringing sustainable new applied sciences to inexpensive housing, to monumental new acquisitions, 2022 is shaping as much as be our firm’s greatest 12 months of progress, together with this essential partnership with KeyBank for a considerable portfolio in Kentucky.”

Advertisement

“KeyBank has a steadfast dedication to serving to the purchasers and communities we serve thrive,” stated Eric Steinberg, a Senior Banker at KeyBank. “We’re excited to be a part of Fairstead’s efforts to protect inexpensive housing in Kentucky. Their sources and experience are making an actual distinction in neighborhoods across the state.” 

The 16 properties are positioned within the Louisville, Bardstown, Barbourville, Hardin, Hodgenville, Lexington, Mayfield, New Haven, Scottsville, Shepherdsville, and Radcliff communities. The residences are a mixture of household and senior housing and are inexpensive by way of U.S. Division of Housing and City Improvement Part 8 and LIHTC applications.

“Fairstead’s dedication to Kentucky means working with communities to protect long-term affordability and promote housing stability for households and seniors,” stated Estelle Chan, Director, Improvement at Fairstead. “We’re proud to associate with KeyBank to protect the properties of 1000’s of Kentucky residents throughout the state.”

Fairstead entered the Kentucky market in 2020 with the acquisition of the Colony Residences, a 137-unit inexpensive senior housing property in Covington. Fairstead, in partnership with the Kentucky Housing Company and the Metropolis of Covington, lately celebrated Colony Neighborhood Day, marking the completion of renovations on the property with a celebration for residents and native companions. In 2021, Fairstead acquired Cambridge Sq., a 200-unit inexpensive property for households additionally in Covington that’s present process a $12 million overhaul.

About Fairstead

Advertisement

Fairstead is a purpose-driven vertically built-in actual property developer specializing in creating sustainable, high-quality housing. The agency’s nationwide footprint contains greater than $7.9 billion in property and recognized pipeline. With workplaces in New York, Maryland, and South Carolina, Fairstead’s crew manages 90+ communities throughout the nation and runs its complete actual property platform, which incorporates acquisitions and improvement, enterprise capital investments in prop tech, design and building, power and sustainability, property administration, advertising, and leasing. The agency additionally administers one of many business’s most proactive neighborhood affect applications to supply on-site assist companies to residents. For extra data, go to www.fairstead.com.

About KeyBank Actual Property Capital

KeyBank Actual Property Capital is a number one supplier of economic actual property finance. Its professionals, positioned throughout the nation, present a broad vary of financing options on each a company and mission foundation. The group offers interim and building financing, everlasting mortgages, industrial actual property mortgage servicing, funding banking and money administration companies for just about all varieties of earnings producing industrial actual property. As a Fannie Mae Delegated Underwriter and Servicer, Freddie Mac Program Plus Vendor/Servicer and FHA accepted mortgagee, KeyBank Actual Property Capital presents quite a lot of company financing options for multifamily properties, together with inexpensive housing, seniors housing and scholar housing. KeyBank Actual Property Capital can be one of many nation’s largest and highest rated industrial mortgage servicers.

Media Contact:
[email protected]

SOURCE Fairstead

Advertisement



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Kentucky

ESPN predicts the winner between Kentucky and Western Kentucky

Published

on

ESPN predicts the winner between Kentucky and Western Kentucky


Mark Pope and the Kentucky Wildcats are getting ready to host the Western Kentucky Hilltoppers for an in-state battle in Rupp Arena. This is a game that is always fun as it brings different parts of Kentucky together to share in the state’s favorite pastime, which is basketball.

WKU is 3-2 on the season with wins over Lipscomb, Jackson State, and Campbellsville. The Hilltoppers lost to Wichita State and Grand Canyon.

While Kentucky steamrolled Lipscomb, they are a solid team, and Western Kentucky was able to take them down 66-61, so the Wildcats can’t look past this matchup. This shouldn’t be an issue as Coach Pope respects the game and doesn’t let his team look past an opponent.

While WKU is a solid mid-major team, ESPN doesn’t seem to think the Wildcats will have any issue taking down the Hilltoppers, as they give Kentucky a 97.5% chance to win this game.

Advertisement

The best player for the Hilltoppers is guard Don McHenry, who is averaging 17.2 points per game five games into the season. The 6’2 guard is shooting 32.4% from three on the season, but he lets a lot of them fly, so the Wildcats can let him get hot from deep.

The goal for this Kentucky team when they take on WKU should be to keep working on defense and rebounding while the offense keeps doing what it has been doing all season long. If the Wildcats can keep improving in these two areas, they will be hard to beat come SEC play and March.



Source link

Continue Reading

Kentucky

Liberty 38-21 Western Kentucky (Nov 23, 2024) Game Recap – ESPN

Published

on

Liberty 38-21 Western Kentucky (Nov 23, 2024) Game Recap – ESPN


LYNCHBURG, Va. — — Quinton Cooley rushed for 166 yards and two touchdowns, Billy Lucas added 131 yards and a score, and Liberty gained 419 on the ground with four touchdowns in a 38-21 victory over Western Kentucky on Saturday.

Liberty (8-2, 5-2 Conference USA) has won eight-plus games for the sixth consecutive season to keep alive hopes of a second straight trip to the conference championship game. The Flames play Sam Houston (8-3, 5-2) on Friday.

Liberty scored 21 straight points to close the first quarter, the last covering 90 yards in just 45 seconds to take a 21-7 lead.

Amarian Williams made two interceptions, including one with 2:03 remaining to seal it. Caden Veltkamp was intercepted three times before finishing 20 of 34 for 262 yards and two touchdowns for Western Kentucky (7-4, 5-2).

Advertisement

Cooley reached 1,000 yards rushing for the second straight season. The Flames entered ranked No. 5 nationally in rushing yards/game (249.8). Quarterback Kaidon Salter also carried 11 times for 66 yards and a touchdown. Three other players had at least two rushes for Liberty, which ended with 63 carries.

The Flames, in their season finale at Williams Stadium, avoided dropping multiple conference games at home for the first time since 2005.

——

Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football



Source link

Advertisement
Continue Reading

Kentucky

Senior Class Shines on Senior Day as No. 12 Kentucky Captures Eighth-Straight SEC Title

Published

on

Senior Class Shines on Senior Day as No. 12 Kentucky Captures Eighth-Straight SEC Title


Thanks to a balanced effort from the senior class, the No. 12 Kentucky Volleyball team captured at least a share of an eighth-straight Southeastern Conference championship on Sunday afternoon, downing Arkansas in straight sets (26-24, 25-20, 25-13) on Senior Day inside Historic Memorial Coliseum.

The Kentucky seniors have been an integral part of the program since they first stepped on the court, a theme that continued in the match against the Razorbacks as seniors Emma Grome, Megan Wilson, Eleanor Beavin, and Erin Lamb all played key roles in the Cats’ sweep of Arkansas.

Following the match, UK head coach Craig Skinner attributed the team’s success to a staff dedicated to preparation, and a team of athletes who embraced the challenge involved in competing for a championship.

“I’ve gotta give a lot of credit to our staff,” Skinner said. “Our staff was unbelievable this year, Ben (Josephson), and Merideth (Jewell), and Madison (Lilley) did a hell of a job coaching this team and getting them prepared to play against great competition, so that’s the first thing.

Advertisement

“And the second thing, when you recruit athletes to compete for championships they know the expectations and the standards and that’s what they want. We’ve been shooting for the top ever since I’ve gotten here and we don’t wanna go anywhere else.”

Offensively, Grome paced the Kentucky attack to 40 total kills on a .312 hitting clip. Four Wildcats totaled six or more kills, led by sophomore Brooklyn DeLeye who finished with 13. It was Wilson who stole the show Sunday, however, as the senior right side found the floor with 12 kills on a sweltering .500 clip. In her second match back from injury, Lamb added seven kills to the winning cause and Jordyn Dailey totaled six.

Kentucky stifled the Razorbacks at the net as they racked up 8.0 rejections and held Arkansas to .130 hitting. In the third and final set, Arkansas totaled only four kills with three errors as the Cats coasted to the set and match victory. Brooke Bultema led the way with 5.0 blocks, Wilson had 4.0, Dailey finished with 3.0, and Grome and DeLeye each had a pair.

Molly Tuozzo continued to anchor the back line as she totaled 19 digs to lead all players. DeLeye added 11, Grome had 10, and Beavin had seven.

Beavin made her biggest impact from behind the service line, as the senior served up a match-high four aces. Lamb and DeLeye each had two of their own and Grome finished with one.

Advertisement

With the win, Kentucky improves to 19-7 on the season and 13-2 in the SEC. The victory locked up at least a share of the SEC title for the Cats for a program-best eighth-consecutive year.

UK will conclude the regular season on Wednesday as they travel to Columbia, Missouri for a matchup with No. 25 Missouri. If Kentucky leaves Columbia with a victory, they will claim the conference championship outright as Florida and Texas sit a game behind them in the standings. First serve against the Tigers is set for 7:00 pm ET.

Kentucky volleyball wins at least a share of 8th straight SEC championship – Hunter Mitchell, Kentucky Sports Radio

Club Blue is the official collective partner of the University of Kentucky. Support your volleyball team today.



Source link

Advertisement
Continue Reading

Trending