Kees Cove OM

KEES COVE

SUBMITTED BY: LEAD AGENTS

Tim VanWingerden Associate Louisville D. 513.878.7750 tim.vanwingerden@marcusmillichap.com

Jordan Dickman First Vice President Investments Cincinnati Office D. 513.878.7735 jordan.dickman@marcusmillichap.com

Nick Andrews First Vice President Investments Cincinnati Office D. 513.878.7741 nicholas.andrews@marcusmillichap.com

Austin Sum Senior Associate Cincinnati Office D. 513.878.7747 austin.sum@marcusmillichap.com

NON-ENDORSEMENT & DISCLAIMER NOTICE CONFIDENTIALITY DISCLAIMER THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

CONTENTS

B R O K E R C A PA B I L I T I E S

06 | K EES C OV E

01

&

18 | LOCAL COMP E TITORS

02

26 | THE FIN ANC I ALS

03

32 | LOCAL M ARKE T

04

O P I N I O N O F V A L U E

CALABASAS, CALIFORNIA | HQ

80+ | OFFICES

2,500 | EMPLOYEES

UNRIVALED SUCCESS IN THE MIDWEST Nick Andrews

First Vice President Investments Director, NMHG

Jordan Dickman

First Vice President Investments Director, NMHG

Austin Sum

Senior Investment Associate

INVESTMENT ADVISORS

JD Schmerge Investment Associate

Brian Johnston Investment Associate

Tim VanWingerden Investment Associate

DEBT & STRUCTURED FINANCE

Chris Litzler

Senior Director of Organization MMCC

VALUATION & RESEARCH

Sam Petrosino

Financial & Research Analyst

CLIENT RELATIONS

MARKETING

Alex Papa

Marketing Coordinator

Kristin Smith Marketing

Skyler Wilson

Client Relations Manager

OPERATIONS

Liz Popp

Brittany Campbell-Koch

Midwest Operations Manager

Director of Operations

Josh Caruana

Vice President Regional Manager Indianapolis | Cincinnati | Louisville St Louis | Kansas City

John Sebree

Senior Vice President National Director National Multi Housing Group

Michael Glass

Senior Vice President Midwest Division Manager National Director, Manufactured Home Communities Group

S E C T I O N

01

KEE

S COVE

INVESTMENT HIGHLIGHTS

KEES COVE

Marcus & Millichap is pleased to present Kees Cove, a 24-Unit apartment complex located in Lexington, KY. Kees Cove has undergone extensive renovation with significant capital improvements and is well-positioned for an aggressive marketing initiative to increase rents and improve NOI.

PROPOSED VALUE-ADD New ownership can take advantage of the recent capital improvements and implement a light renovation on unit interiors.

Kees Cove rents are on average $300 below the submarket average rents. An incoming investor can renovate and still stay below the competition in the market while providing housing that is comparable.

SUBMARKET HIGHLIGHTS •

The Lexington Northeast Submarket is highlighted for excellent connectivity with direct access to New Circle, N Broadway Rd, and i75.

•

Chic-fil-a was recently developed in this submarket and located off New Circle Rd it is less than a mile away from Kees Cove.

•

Rental Growth: The Northeast Submarket has seen an 8.8% YOY rental growth in Lexington’s connected submarket.

•

Nearby employers include: LexMark, USPS Distribution, Jiff Peanut Butter Factory, & Bluegrass Community Technical College.

KEES COVE

PROPERTY SUMMARY

13,920

RE N TABLE S Q UARE FE E T

24

TOTAL UNI T S

580 AV G S F

#1 Bedrooms

24

% Leased

88%

PROPERTY DETAILS

KEES COVE Property Name: Property Address: City, State, Zip: County: Year Built/Reno: Number Of Units: Avg Unit Size: Rentable Sqft: Number of Parcels: Lot Size (Acres): # of Buildings: # of Stories: Parking Type: Parking Surface: HVAC Water Heater Plumbing Wiring Foundation: Framing: Roofs Exterior of Building: Windows:

Kees Cove 1124-1132 Kees Rd Lexington, KY 40505 Fayette 1964 24 580 13,920 2 0.3176 2 2 Off-Street Lot Individual Individual Cast Iron, PVC from Plumbing to Street Copper Slab Wood Dimensional Shingle Brick Sliding Door with railing

UTILITIES Electric: Gas: Water Sewer Trash:

Tenant Paid Tenant Paid Tenant Paid Tenant Paid Owner Paid

PROVIDER

NOT

LGE Columbia Gas American Water

Separately Separately Separately

Republic Services

8yd

TES

y Metered y Metered y Metered

RECENT CAPITAL IMPROVEMENTS INCLUDE R E C E N T C A P I TA L I M P R O V E M E N T S I N C L U D E - New Carpe ting - Renovated Common Area: LVP Flooring, paint , light f i x tures .

- New ex terior lighting - New 24/7 video securi t y system - New Vinyl Eaves - New Roof, gu tters, fascia - New Sidewalk - New Entrance D eck s and Back D eck s - New E x terior D oors, Windows, and Sliding D oors - New Side E x terior Side Paneling and Paint - New Plumbing f rom building to stree t - New K i tchens and Vani ties* - HVAC and Furnaces Replaced A s Needed - Coinless L aundr y Soft ware M E CH A N I C A L I M P R OV EM E N T S PA S T 5 YE A R S - 2 1/24 Water Heaters Replaced - 13/24 Furnaces Replaced - 20/24 Ref rigeraters Replaced - 15/24 S toves Replaced

PROPERTY DETAILS

CAPEX BREAKDOWN

1

2

5

2 6 2

2 3

4

1. NEW ROOF

1

2

5

2. NEW WINDOWS 3. NEW DECKS

2

4. NEW SIDEWALK

3

5. NEW GUTTERS 6. NEW SIDING & PAINT

4 5

2

2

2

2 3 2 4

KEES COVE

INTERIOR PHOTOS

LIVINGROOM

LIVINGROOM

BATHROOM

KITCHEN

LIVINGROOM

KEES COVE

EXTERIOR PHOTOS

S E C T I O N

02

LOCAL C

COMPETITORS

COMPS

LOCATION 1

4

*

3 7 8

9

REN T C OMPAR ABLE S KEES COVE 6

5 2

1

500 HOLLOW CREEK RD

2

817 E HIGH STREET

3

315 BALLPARK DRIVE

4

1145 KEES RD

5

CLAY VILLA

6

426 E HIGH STREET

7

1116 KEES RD

8

1132 KEES RD

9

568 N BROADWAY

COMPS

RENT SORT Property Arcs on Main formerly Barclay Clay Villa Saxony Apartments 426 E High St Caballo Crossing 817-819 W High St Kees Cove Pro Forma 315 Ballpark Dr 1145 Kees Rd 1116 Kees Rd 568 N Broadway Bourbon court Keys Cove Average Effective Averages

Year Built 1965 1971 1976 1985 1972 1965 1964 1963 1963 1963 1965 1966 1964

Total Units 30 40 12 15 288 18 24 18 9 4 30 217

# 1 BR Units 30 30 12 15 163 18 24 17 9 4 30 40

SF 800 600 475 696 506 400 650 696 756 750 612 750 642 639

Market Rent $1,095 $900 $825 $799 $778 $775 $758 $758 $750 $748 $700 $670 $773 $760

Occupancy 98% 100% 94% 100% 90% 94% 95% 100% 100% 100% 97% 60% 88% 94%

CABALLO CROSSING UNITS YEAR BUILT OCCUPANCY UNIT MIX 1 Bed

# Units 163

Unit SF 506

163 1972 RENO: 2020 90% Rent Rent/SF $778 $1.43

AMENITIES On-Site Maintenance On-Site Management Courtyard BBQ/Picnic Area Laundry Facilities Pool Playground High Speed Internet Dog Park UNIT FEATURES Stainless Steel Appliances Hardwood Floors Carpeting Air Conditioning Dishwasher Microwave Refrigerator Balcony

817-819 HIGH STREET AMENITIES Pet Washing Station Off Street Parking

UNIT FEATURES Air Conditioning Dishwasher Microwave Refrigerator Washer/Dryer in Unit,

UNITS YEAR BUILT OCCUPANCY UNIT MIX 1 Bed

# OF UNITS 18

SQFT 400

RENT $775

18 1964 94% RENT/SF $1.80

315 BALLPARK AMENITIES Security System UNITS YEAR BUILT OCCUPANCY UNIT MIX 1 Bed

# OF UNITS 17

SQFT 696

17 1963 RENO: 2020 100% RENT RENT/SF $758 $1.09

UNIT FEATURES Cable Ready Tile Floors Hardwood Floors Tub/Shower Range

1145 KEES UNIT FEATURES Wood Laminate Flooring Wall Unit Air Conditioning Heating Range Refrigerator Tub/Shower Newly Painted Blinds

UNITS YEAR BUILT OCCUPANCY UNIT MIX 1 Bed

# OF UNITS 9

SQFT 756

RENT $750

9 1963 100.0% RENT/SF $0.99

S E C T I O N

03

THE FIN

NANCIALS

KEES COVE - FINANCIALS

UNIX MIX SUMMARY AV E R A G E E F F E C T I V E

MARKET

P RO J E CT E D

NO. OF UNITS

R E N TA B L E S F

T O TA L S F

RENT/UNIT

RENT/SF

T O TA L R E N T POTENTIAL

SUMMARY One Bedroom

24 Units

580 SF

13,920 SF

$487.42

$0.84

$11,698

$575.00

$0.99 SF

$13,800

$758.33

$1.31 SF

$18,200

Totals / Wtd. Averages

24 Units

580 SF

13,920 SF

$487.42

$0.84 SF

$11,698

$575.00

$0.99 SF

$13,800

$758.33

$1.31 SF

$18,200

UNIT TYPE

RENT/UNIT

UNIT DISTRIBUTION

RENT/SF

TOTA L R E N T P OT E N T I A L

RENT/UNIT

RENT/SF

TOTA L R E N T P OT E N T I A L

UNIT RENTS

100%

One Bedroom

1 Bed Avg. Effective

Pro Forma Projection

KEES COVE - FINANCIALS

UNIX MIX BREAKDOWN AV E R A G E E F F E C T I V E

MARKET

P RO J E CT E D

N O . O F U N I TS

R E N TA B L E S F

T O TA L S F

RENT/UNIT

RENT/SF

T O TA L R E N T POTENTIAL

16 Units

580 SF

9,280 SF

$487.63

$0.84 SF

$7,802

$575.00

$0.99 SF

1BR/1BA - Lower Level

8 Units

580 SF

4,640 SF

$487.00

$0.84 SF

$3,896

$575.00

$0.99 SF

$4,600

$725.00

$1.25 SF

$5,800

Totals / Wtd. Averages

24 Units

580 SF

13,920 SF

$487.42

$0.84 SF

$11,698

$575.00

$0.99 SF

$13,800

$758.33

$1.31 SF

$18,200

UNIT TYPE

RENT/UNIT

RENT/SF

TOTA L R E N T P OT E N T I A L

RENT/UNIT

RENT/SF

TOTA L R E N T P OT E N T I A L

$9,200

$775.00

$1.34 SF

$12,400

ONE BEDROOM 1BR/1BA

INCOME

GROSS POTENTIAL RENT All Units at Market Rent Gain (Loss) to Lease GROSS SCHEDULED RENT Other Income Forfeited Security Deposits Laundry Income

Other Income

Total Other Income

EXPENSE

KEES COVE - FINANCIALS

INCOME & EXPENSES

CURRENT (RENT ROLL/T3 INCOME; ADJUSTED TRAILING EXPENSES)

GROSS POTENTIAL INCOME Physical Vacancy Bad Debt EFFECTIVE GROSS INCOME NON-CONTROLLABLE Real Estate Taxes 2021 Taxes Paid Adjustment for Sale Total Real Estate Taxes Insurance Utilities Utilities Total Utilities Total Non-Controllable CONTROLLABLE Contract Services Snow Removal Landscaping/Grounds Pest Control Total Contract Services Repairs & Maintenance Marketing & Promotion Payroll/Labor Payroll Taxes & Benefits General & Administrative Management Fee Replacement & Reserves Total Controllable TOTAL EXPENSES NET OPERATING INCOME

$165,600 RR ($21,960) $143,640 RR $7,160 T3 $758 T3

$160 T3

$8,078

% of GPR 13.26%

Per Unit 6,900 (915) 5,985

4.98% 0.53%

298 32

5.62%

337

0.11%

7

YEAR 1 (Recapture LTL, Stabilized Occupancy and Other Income, Normalized Expenses, Start Reno) % of GPR Per Unit $218,400 9,100 ($17,472) 8.00% (728) $200,928 8,372 $0 $781

$165

$946

$151,718 ($37,708) T3 Economic $0 $114,010

26.25% 0.00% 60.49%

6,322 (1,571) 0 4,750

$201,874 ($20,093) ($2,009) $179,771

$10,563 Auditor $6,236 $16,800 $11,248 T12

% of EGI 9.27% 5.47% 14.74% 9.87%

Per Unit 440 260 700 469

$15,072 T12 $15,072 $43,120

13.22% 13.22% 37.82%

$0 $0 $0 $0 $14,400 $0 $13,285 $0 $5,523 $11,052 $6,120 $50,380 $93,500 $20,510

0.00% 0.00% 0.00% 0.00% 12.63% 0.00% 11.65% 0.00% 4.84% 9.69% 5.37% 44.19% 82.01% 17.99%

Note 2 T12 T12 T12

Note 1

0.00% 0.39%

0 33

0.47%

39

0.08% 10.00%

7

8,411

81.00%

(837) (84) 7,490

$10,563 $6,236 $16,800 $8,400

5.88% 3.47% 9.35% 4.67%

% of EGI 440 260 700 350

628 628 1,797

$15,374 $15,374 $40,573

8.55% 8.55% 22.57%

641 641 1,691

0 0 0 0 600 0 554 0 230 461 255 2,099 3,896 855

$840 $2,400 $840 $4,080 $14,400 $1,800 $21,600 $2,400 $2,400 $12,584 $6,242 $65,506 $106,080 $73,692

0.47% 1.34% 0.47% 2.27% 8.01%

35 100

1.00%

1.00%

12.02% 1.34%

1.34%

7.00% 3.47% 36.44% 59.01%

40.99%

35 170 600 75 900 100 100 524 260 2,729 4,420 3,070

YEAR 2 (...STABILIZED OCCUPANCY, FINISH RENO ON REMAINING UNITS) $224,952 ($4,499) $220,453 $0 $804

% of GPR

Per Unit 9,373 (187) 9,186

$231,701 ($4,634) $227,067

0.00% 0.36%

0 34

$0 $828

0.44%

41

$1,003

2.00%

$170

0.08%

$221,427 ($11,023) ($2,205) $208,200

5.00% 1.00% 92.00%

$10,563 $6,236 $16,800 $8,568

Underwriting Notes

YEAR 3 (PROJECTED RENT INCREASE AFTER STABILIZATION, RENO)

2.00%

Per Unit 9,654 (193) 9,461

0.00% 0.36%

0 35

0.44%

42

$175

0.08%

9,226 (459) (92) 8,675

$228,070 ($11,353) ($2,271) $214,446

5.00% 1.00% 92.00%

9,503 (473) (95) 8,935

% of EGI 5.07% 3.00% 8.07% 4.12%

Per Unit 440 260 700 357

$10,563 $6,236 $16,800 $8,739

% of EGI 5.07% 3.00% 8.07% 4.20%

Per Unit 440 260 700 364

$15,681 $15,681 $41,049

7.53% 7.53% 19.72%

653 653 1,710

$15,995 $15,995 $41,534

7.68% 7.68% 19.95%

666 666 1,731

$857 $2,448 $857 $4,162 $14,688 $1,836 $22,032 $2,448 $2,448 $14,574 $6,367 $68,555 $109,604 $98,596

0.41% 1.18% 0.41% 2.00% 7.05% 0.88% 10.58% 1.18% 1.18% 7.00% 3.06% 32.93% 52.64%

36 102 36 173 612 77 918 102 102 607 265 2,856 4,567 4,108

$874 $2,497 $874 $4,245 $14,982 $1,873 $22,473 $2,497 $2,497 $15,011 $6,495 $70,072 $111,605 $102,840

0.42% 1.20% 0.42% 2.04% 7.20% 0.90% 10.79% 1.20% 1.20% 7.00% 3.12% 33.45% 53.60% 49.40%

36 104 36 177 624 78 936 104 104 607 271 2,901 4,650 4,285

$974

47.36%

7

% of GPR

7

#

Note

1

Replacement & Reserves: added based on market norm of $255 per unit per year

2

Repairs/Maint from T12 included major CAPEX items. CAPEX itemized in OM.

S E C T I O N

04

LOCAL M

MARKET

KEES COVE

LEXINGTON, KY Lexington, city, coextensive with Fayette county, north-central Kentucky, U.S., the focus of the Bluegrass region and a major centre for horse breeding. Named in 1775 for the Battle of Lexington, Massachusetts, it was chartered by the Virginia legislature in 1782 and was the meeting place (1792) for the first session of the Kentucky legislature following statehood. Lexington in the early 1880s called itself the Athens of the West, boasting Transylvania College (1780; now Transylvania University), street lights, a public subscription library, a theatre, and a musical society. In 1817 it had presented the first Beethoven symphony heard in the United States.

EMERGING TECH HUB Metronet has invested over $100 million in fiberoptic infrastructure making Lexington the largest Gigabit city in the nation. The city’s highspeed infrastructure along with its low cost of living provides 1.54 times the purchasing power compared to Silicon Valley attracting talented tech professionals and startups alike.

EMPLOYERS IN THE NEWS

B O U R B O N D I S T I L L E R Y B U F F A L O T R A C E

Buffalo Trace distillery, based out of Kentucky, has made progress in its $1.2 billion expansion, which includes the construction of an additional still, more barrel warehouses, added fermenters and an expansion of the dry house operation.

Over the past year, a second still house has been built next to the existing 1930s structure. At 40 ft tall, it has doubled production capacity and holds 60,000 gallons.

•

The University of Kentucky approved a purchase agreement for $6.9 Million to acquire land for construciton of a new outpatient cancer treatment center and advanced ambulatory complex. (Dec 2021)

•

New $37.5 million Lexington Distillery District hotel will open in spring 2023 (Dec 2021)

•

The University of Kentucky gives the city of Lexington 250 acres in and near the Coldstream Research Campus where office, laboratory, residential and hospitality developments are planned. A new, $15 million hightech building currently under construction will provide office and laboratory space for early-stage, hightech companies to develop and commercialize their products and services. (Oct 2021).

•

TMMK to invest $461 million in upgrades at Georgetown Toyota plant. (Oct 2021)

•

Buffalo Trace Distillery makes headway on $1.2 billion expansion (Aug 2021)

•

Lexington-based Quality Logistics LLC, doing business as Longship, opened its new office in Fayette County, a $4.3 million investment creating 155 well-paying jobs for Kentucky residents (Aug 2021)

ECONOMY • Lexington has mix of stable anchors alongside

ette were most pronounced in the Leisure/Hospi-

some larger, private employers. Prior to the

tality Services and Trade/Transportation/Utilities

pandemic, Lexington-Fayette’s real gross

sectors. Despite job losses stemming from the

metropolitan product grew at an average annual

pandemic, Lexington-Fayette’s current

rate of 1.6% from 2015 to 2019. During that same

employment base now sits roughly 16,200 jobs, or

five-year period, job growth averaged 1.2%

about 6% above the 1st quarter 2008 level, prior to

annually, with roughly 3,100 jobs added on aver-

the Great Recession.

age each year.

• In 2020, COVID-19 mitigation measures and limited business activity caused the local economy to contract as much as 10.3% year-overyear in 2nd quarter. In the year-ending 3rd quarter 2021, the metro’s inflation-adjusted economic output expanded 6.5%.

• At the same time, the metro recorded a net gain of 3,600 jobs, expanding the employment base 1.4%. As such, Lexington-Fayette’s unemployment rate in August 2021 declined 1.5 points year-overyear to 3.2%, below the national average of 5.3%.

• During the past year, job gains in Lexington-Fay-

D E M O G R A P H I C S : STAT I ST I C S Population: 323,152

Msa median hhi: $57,405

Msa median home value: $173,500

Average occupany: 96.4%

Median age: 35 (.39%)

1 - Year growth: 1.77%

1 - Year growth: 4.83%

Rent growth: 2.7%

S U P P LY & D E M A N D S U P P LY • The level of new apartment completions in Lexington-Fayette were modest recently, as 252 units delivered in the year-ending 3rd quarter 2021. That annual completion volume compares to a low of 24 units and a high of 900 units over the past five years. Annual new supply averaged 357 units, and annual inventory growth averaged 0.6% over the past five years.

• Completions over the past year expanded the local inventory base 0.6% and were concentrated only in the Downtown Lexington/University submarket.

• Over the next year, inventory growth is set to accelerate with the scheduled addition of 680 units. At the end of 3rd quarter 2021, there were 866 units under construction.

• New supply over the past five years has been concentrated in South Lexington, which received 58% of the market’s total completions over that time. Scheduled new deliveries in the coming year are expected to deliver in South Lexington and North Lexington.

MARKET DRIVERS

2

8

1

University of Kentucky

2

Toyota

3

Baptist Health

4

Amazon.com

5

Lexmark

6

Hitachi

7

Lockheed Martin

8

Adient

9

Link-Belt

10

Webasto

11

Valvoline

12

Big Ass Fans

13

Tempur- Sealy

12 10 4

13 7

5 1 3 9 11

6

O C C U PA N CY • Occupancy in the Lexington-Fayette apartment market has ranged from 93.0% to 97.3% over the past five years, averaging 94.7% during the same five yer period. Over the past year, occupancy gained 1.4 points, with the 3rd quarter 2021 rate landing at 97.3%.

• That occupancy rate ranked #29 among the 65 key South region markets and #85 among the top 150 markets nationally.

That tight occupancy was also the highest since RealPage began tracking the market.

• Looking at product classes in Lexington-Fayette, 3rd quarter 2021 occupancy was 97.9% in Class A units, 97.3% in Class B units and 96.4% in Class C units, occupancy in Class C product was generally tightest over the past five years.

ATTRACTIONS KEENELAND Lexington, the heart of Kentucky “bluegrass,” has been renowned for two centuries for horse raising and horse racing. Shortly after the track’s completion in 1936, Keeneland Racetrack became the most conspicuous manifestation of this culture. Jack Keene, for whom Keeneland is named, was an extraordinary figure in American racing, and helped revive this industry during the 1930s when it was beginning to suffer. Keene was a descendant of a distinguished Lexington family and was known worldwide as a trainer of thoroughbreds.

After training abroad in Russia and Japan he returned to Kentucky where he began laying out the Keeneland racecourse in 1916. The main track is one and 1/16th miles in circumference and has retained this length since its original inception by Keene. The grounds also include Keene’s mansion and training center. Constructed of limestone that was quarried on Keene’s farm, this building was designed with living quarters, a large clubroom and stalls. The two-story center section of the building is flanked on either side by stone arcades leading to three-story wings of the building.

K E N T U C K Y H O RS E PA R K The Kentucky Horse Park is a working horse farm, educational theme park and equine competition facility dedicated to man’s relationship with the horse. Set on more than 1,200 acres in the heart of the Kentucky’s famous Bluegrass region, the park is THE place to get close to horses! Featuring dozens of breeds of horse at work and at play, the park showcases the horse in daily equine presentations, horse drawn tours, horseback and pony rides, and an array of horse shows and special events throughout the year.

HIGHER EDUCATION Founded in 1865, the University of Kentucky is a single campus at the heart of the Blue-grass. More than 100 countries are represented in the student body at UK. UK has over 200 academic programs and last spring, there were 29,182 students enrolled. With more than 12,000 staff and 2,000 faculty, UK is one of the largest employers in the state.

U N I V E RS I T Y O F K E N T U C K Y In an extensive study conducted by the Associated Press and then revealed in 2017, the University of Kentucky men’s basketball program was rated as the greatest of its kind ever. Certainly, more current NBA players have emerged from the Wildcats’ ranks than from any other college team, with DeMarcus Cousins, John Wall, and Anthony Davis just some of the University of Kentucky’s former stars. The Wildcats also clinched the NCAA Division I Men’s Basketball Tournament in 2012 and have progressed to the men’s Final Four on four occasions since 2011.

20,500 RUPP AREA FACILITY CAPACITY 20 NCAA CHAMPIONSHIP WINS $19.5M IN TICKETS

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