The first apartment property sold out of the Vision & Beyond foreclosure case will undergo several million dollars in renovations with no rent hikes for existing tenants in the first year, according to the new owner.
“Our plan would be to keep them. We hope they stay and become good long-term clients of for us,” said Chris Cook, co-founder of ZerCo Holdings LLC, a Northern Kentucky real estate company that owns and operates about 600 area apartment units.
ZerCo’s portfolio grew by 116 units on Nov. 12, when it paid $3.3 million for Kirby Apartments, a Mount Airy complex that deteriorated quickly this year when the company that owned it collapsed amid fraud allegations and the arrest of a company founder…