Engel Realty Expands into Kentucky with latest acquisition.
Saddlebrook at Tates Creek was built in 1978 on the site of a former dairy farm. The property is located just a few miles southeast of Downtown Lexington and The University of Kentucky.
In March of 2019 Engel Realty added to its Multi-family portfolio with the addition of Saddlebrook at Tates Creek located in Lexington, Kentucky.
Saddlebrook at Tates Creek is a B-Class apartment community consisting of 181 units. The units are primarily one & two bedroom floor-plans including some unique town-home layouts and a one of a kind Manor House. Saddlebrook at Tates Creek was built in 1978 on the site of a former dairy farm. The property is located just a few miles southeast of Downtown Lexington and The University of Kentucky. Lexington is the second largest city in the state of Kentucky and was recently named number 7 on Kiplinger’s “Most Affordable Big Cities in America.” Lexington is made of 15 neighboring counties, the population of Lexington is over 600,000 with a median age of 36 and median household income of $53,000.
The addition of Saddlebrook at Tates Creek to Engel’s multi-family portfolio continues strategy of locating and acquiring quality assets in Primary, Secondary, and Tertiary markets.