Property Description

  • Lyric at Norton Commons Apartments is a Class A+, mixed-use multifamily community in the Louisville suburb of Prospect, Kentucky, one of the state’s wealthiest cities.1
  • The sponsor believes Lyric at Norton Commons is among the highest-quality residential communities in the nation.
  • Spacious floor plans feature top-of-the- line finishes, including stainless-steel GE appliances, quartz countertops, in-unit washers and dryers, large walk-in closets and either private patios or balconies
  • Lyric is comprised of 273 residential units and 12,191 square feet of retail space.
  • The property is highly amenitized with a 24-hour state-of-the-art fitness center, resort-style heated saltwater swimming pool with poolside cabanas, resident lounge with a complimentary gourmet coffee bar and business center, pet spa, indoor meditation space, movie room with stadium seating and multiple outdoor courtyards with lawn games and grills.

 

Property Type

Multifamily

Structure

Delaware Statutory Trust

Capital Square Norton
Commons Apartments DST

KY

Remaining Availability

90% Remaining
Total Funds
$110,740,000
Remaining Availability
$60,500,000
Minimum Investment
see PPM
Funded To Date
$7,025,000
Est. Hold Period
10 Years
Leverage
39.02%
Equity Raise
$67,525,000
Price/SF or Price/Unit
$405,641/Unit

For More Details

 
 
 

Location Details

 
 
 

Population

See PPM

Population Growth

See PPM

About The Area

  • Lyric at Norton Commons is a part of the Norton Commons master planned neighborhood,  a  600-acre mixed- use community featuring a 150-acre system of parks, squares, plazas, trails, recreational and civic amenities.
  • Residents enjoy a lifestyle of charm and convenience in unique, beautifully constructed homes centered within a bustling neighborhood. The property provides  ease  and accessibility throughout the entire community, where residents can appreciate the walkability to local businesses, beautiful parks and amenities.
  • The lively Norton Commons town center is home to more than 90 businesses, including restaurants, shops, salons, a post office and professional services. The neighborhood also features three schools, including a public elementary school, a full-service YMCA and Saint Bernadette Church, home to over 6,600 members.1
  • Notable retail in the neighborhood includes: Commonwealth Tap, an award- winning wine and whiskey bar with a selection of thousands of whiskeys; Fleur de Tea, a premier and authentic tea shop and café; and The Heirloom Chef’s Table, a farm-to-table restaurant experience.

 

Sponsor

Since 2012, Capital Square has helped investors navigate tax-advantaged real estate offerings.

The company’s experienced, investor-centric team provides a successful foundation for investment opportunities including:

  •  Delaware statutory trusts as replacement properties for 1031 exchanges
  • Qualified opportunity zones
  • Private investment offerings

Dedicated to both cash investors and those seeking replacement properties as part of a Section 1031 exchange, Capital Square’s veteran staff knows how to leverage current market conditions to obtain resilient, stable properties.

The bulk of DST offerings consist of multifamily and healthcare assets. Capital Square also sponsors turnkey real estate investment offerings with low investment minimums. This provides investors with access to higher quality real estate.