Sun Belt-focused real estate and investment firm Hillpointe has expanded into Kentucky with the start of construction on its first two developments in the commonwealth, according to a press release shared with Multifamily Dive.
Hillpointe announced Aug. 12 that it broke ground on Pointe Grand Citation at Lexington and Pointe Grand Rose at Nicholasville, which will bring a total of 868 new attainable residences to the Lexington area. The pair of developments are part of larger master-planned communities.
The Winter Park, Florida-based firm has been considering Kentucky for some time, Hillpointe Co-Founder and Managing Partner Steven Campisi told Multifamily Dive in emailed comments. He said the firm considers Pointe Grand Citation and Pointe Grand Rose as the foundation for a longer-term presence.
“The Lexington region has experienced substantial residential and economic growth that housing supply has struggled to keep up with, and this gap represents the type of opportunity Hillpointe seeks to bridge,” Campisi said. “These projects reflect Hillpointe's commitment to building attainable housing where the need is greatest, as part of larger, master-planned communities that also bring new retail, services and amenities to the area.”
Pointe Grand Citation at Lexington will encompass 276 apartment homes in a development that will also include senior living, retail, hospitality and childcare.
Pointe Grand Rose at Nicholasville will deliver 592 homes: 480 apartments and 112 townhomes. It’s located in a walkable development with planned retail, anchored by Kroger and Menards.
Both developments will offer two-bedroom residences with open-concept floor plans, modern finishes and smart-home technology. Amenities will include a fitness and wellness center with a sauna, Peloton bike and stair machine; a resort-style pool with cabanas; a clubhouse with a coffee bar; a conference room and business center; a dog park and pet spa; and a fire pit.
Demand for attainable housing remains considerable, in Lexington and across the country, according to Campisi. More than half of U.S. renters spend over 30% of their income on rent, HUD reported in 2024.
“That imbalance between what people earn and what housing costs [are] is playing out in growing markets nationwide, and it's the reason Hillpointe continues to invest in regions where the need for attainable housing is greatest,” Campisi said. “The firm's vertically integrated model allows it to scale efficiently while maintaining quality, control and accessibility.”
The developer ranked fifth on the National Multifamily Housing Council’s 2026 list of top developers. Currently, Hillpointe is leasing in Florida, Georgia and South Carolina, with construction underway on communities in Colorado, North Carolina, Tennessee and Arizona, per its website.
On Aug. 11, Hillpointe announced the opening of Pointe Grand Pensacola, a new 228-unit attainable multifamily development at 8651 Airway Drive in Pensacola, Florida, according to a separate release shared with Multifamily Dive. Demand for attainable housing is strong in the area as new employers and residents continue to flock to the greater Gulf Coast region.
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