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Investment Summary

Lexington on the Green is a 384-unit multifamily community located in Northeast Raleigh along the Capital Boulevard corridor between I-440 and I-540. Built in 1972, the Property features an average unit size of 986 square feet and was built on a former golf course. Lexington is fewer than one mile from another JEM-owned property, The Groves. Previous improvements include pool re-surfacing, full exterior paint, and interior improvements, among others. 

 

Residents are less than ten minutes away to a few of the most prestigious business centers in Raleigh, including North Hills (Bank of America, AllScripts), Highwoods Office Park, Duke Raleigh Hospital (2k employees), WakeMed Raleigh Hospital (6k employees), as well as a wide variety of retail, restaurants and lifestyle amenities. The property is less than half a mile from Capital Boulevard (Sam’s Club, Aldi, Food Lion and a variety of restaurants and retail).

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