Vision
History
The Backstory
In 1994, real estate developer Marty Kenny founded Lexington Partners, LLC in Hartford, CT. Since then, Lexington has been an active developer, property manager, and general contractor through its three wholly owned subsidiaries: Lexington Partners, Lexington Property management and lnnoConn Construction Management.
Lexington currently owns and operates 2,344 apartment and has 3 multifamily residential projects under construction consisting of 435 apartments. While multifamily residential has been Lexington’s primary focus since 2003, the company and its principals have a long history in commercial real estate, including office, industrial, retail space and parking garages. A couple of high-profile examples over the years include One Century Tower (20 story office building, 300,000 square feet, 600 car parking garage developed in partnership with Simon Konover), and Gateway Center (9 story office building, 126,000 square feet, 400 car parking garage); both in the heart of the New Haven Connecticut’s CBD.
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Mr. Kenny, with long-time partner and friend, Alan Lazowski, CEO and founder of LAZ Parking and LAZ Investments, have been partners in an assortment of commercial real estate investments for approximately 35 years. They first worked together in 1985 when Mr. Kenny and his late father Maurice Kenny developed Talcott Plaza and leased 800 parking spaces to LAZ Parking in LAZ Parking’s first parking garage deal. Prior to that investment, LAZ only did valet and surface parking operations. Today LAZ Parking is the 2nd largest parking operator in the United States and controls over 1,000,000 parking spaces in 3,300 lots/garages in 420 cities and 35 states throughout the USA. Since 2008 when they developed Addison Mill Apartments in Glastonbury, Mr. Kenny and Mr. Lazowski have been steadily working together as partners, primarily on MFR ventures.
Under the leadership of Mr. Kenny and Mr. Lazowski, Lexington has developed numbers of projects including Trumbull on the Park, Addison Mill, and Mallory Ridge. Trumbull on the Park in downtown Hartford (100 apartment units with a restaurant and other retail, completed in 2006 sold in 2017), Addison Mill in Glastonbury, CT (55 units completed in 2009 and sold in 2017), and Mallory Ridge Apartments (78 Units completed in 2013 and sold in 2015). Other notable projects Lexington developed include The Tannery in Glastonbury, CT (250 Units + a restaurant completed in 2017), Windsor Station Apartments in Windsor, CT (130 Units completed in 2017), and The Borden in Wethersfield, CT (150 Units plus a restaurant and retail level completed in 2020). Lexington has also acquired Class-A multifamily properties in Connecticut including Saybrook Station (186 units purchased in 2018) and The Lofts at Main & Temple, now known as Sage Allen Apartments (120 units purchased in 2019). Lexington Property Management
In early 2018, Lexington Partners expanded its business strategy to acquire, renovate, and stabilize workforce housing product in growing secondary and tertiary markets in the Southeast. Returns would be realized by making capital improvements, improving on formerly mismanaged and undermanaged properties, and bringing rents of these properties up to market level. As part of the commitment, Lexington Partners appointed Chris Reilly as President of Lexington Property Management. Mr. Reilly implemented additional talent acquisition, technology deployment, and organizational structuring to successfully execute the new strategy.
Our Mission
The road to success is paved not just by thinking about the numbers, managing expenses, and planning for the unforeseen, but at Lexington our path has always been about People. The most lucrative work that we do revolves around building relationships with People; with Residents, Investors, Coworkers, the Communities in which we build. We work hard to hire individuals who have some of the most important fundamental building blocks: authenticity, a caring attitude, infectious positivity, and excellent communication. We think these traits go the extra mile in both our owner relationships, as well as in our relationships with the residents we serve. That’s when our vision truly comes alive.
Mission
The road to success is paved not just by thinking about the numbers, managing expenses, and planning for the unforeseen, but at Lexington our path has always been about People. The most lucrative work that we do revolves around building relationships with People; with Residents, Investors, Coworkers, the Communities in which we build. We work hard to hire individuals who have some of the most important fundamental building blocks: authenticity, a caring attitude, infectious positivity, and excellent communication. We think these traits go the extra mile in both our owner relationships, as well as in our relationships with the residents we serve. That’s when our vision truly comes alive.
Our Founding Visionary
Marty Kenny 1956-2023
Mr. Kenny spent over 35 years immersed in all aspects of the commercial real estate business as a real estate developer and principal, the owner of property management, commercial brokerage business concerns, construction companies and workout entities. His legal background and early experience as a commercial mortgage lender gives him a unique set of tools to undertake the most sophisticated, complex and challenging projects. Hands on, creative, with a unique set of leadership and communication skills, combined with his ability to foresee future opportunities in ever changing market conditions, he was truly one of a kind. His experience allowed him to lead Lexington to capitalize on lucrative opportunities in the real estate arena in both up and down marketplaces.
As Lexington’s late owner and principal, Mr. Kenny’s ability to put together lucrative investment partnerships, combined with ample liquidity and excellent financing relationships, enabled Lexington to accelerate the underwriting process and close on properties in advance of the competition.