The Lex Wins PARAGON Award for Best Student Housing Community

Buckingham Companies announced today that The Lex apartment community has been selected to receive the 2010 PARAGON Award for the Specialty - Student Housing Category.

Buckingham Companies announced today that The Lex apartment community has been selected to receive the 2010 PARAGON Award for the Specialty - Student Housing Category. Awarded by the National Apartment Association (NAA), the PARAGON Award celebrates builders, industry professionals and affiliated apartment associations that make unique contributions to the industry, recognizing excellence and leadership in rental housing.

The Lex will receive its PARAGON award during the 2010 NAA Education Conference & Exposition scheduled June 24-26 in New Orleans. It will also be featured in the September 2010 issue of units magazine, a monthly publication that reports on the apartment industry. As an award winner, The Lex is automatically considered for the highly prestigious Apartment Community of the Year Award.

"On behalf of the National Apartment Association, I would like to congratulate The Lex," said NAA Chairman of the Board Marc J. Rosenwasser. "As a PARAGON award winner, you serve as a model of excellence in the multifamily industry for your fellow communities and peers."

One of Lexington's newest luxury student apartment communities, the Lex is located at 521 South Broadway and is owned and operated by Buckingham Companies of Indianapolis. The Lex received the PARAGON award based on demonstrated service to residents and the community; floor layouts; interior and exterior structure; customer service; property maintenance; environmental awareness; occupancy rate/retention and financial performance against the market area.

"For The Lex and Buckingham Companies, the PARAGON award represents a milestone in professional achievement," said Brad Chambers, President and CEO of Buckingham Companies. "We're extremely proud to be recognized as a national leader in student housing and commend the dedicated staff at The Lex for representing the very best in the industry."

Additional information about The Lex is available at www.thelexappeal.com or by calling 859.368.0177.

###

About The Lex (www.thelexappeal.com)
Lexington's premier luxury student community, The Lex is located in the heart of Wildcat Country at 521 South Broadway. The Lex offers spacious efficiency and one - four bedroom apartments and four bedroom townhomes. Apartments and townhomes feature ultra modern design and layout, flat panel LCD TVs, fully equipped kitchens, full-sized GE washers & dryers in each apartment, private baths for each bedroom and large walk-in closets. Community amenities include an outdoor pool, 24-hour fitness center, game room, theater room, study lounge and free tanning beds.

About Buckingham Companies (www.buckingham-co.com)
Buckingham Companies is an Indiana-based real estate development, construction and management company encompassing Buckingham Realty and Development Corporation, Buckingham Management, LLC, and Buckingham Construction Corporation. Buckingham's owned portfolio of over 5,400 units is valued at approximately $300,000,000 and includes communities in Indiana, Illinois, Kentucky, Michigan and Ohio. The company also manages over 8,800 units for institutional clients and for Buckingham Companies.

About NAA (www.naahq.org)
The National Apartment Association (NAA) is America's leading advocate for quality rental housing. NAA's mission is to serve the interests of multifamily housing owners, managers, developers and suppliers and maintain a high level of professionalism in the multifamily housing industry to better serve the rental housing needs of the public. NAA is a federation of 167 state and local affiliates, comprised of more than 51,000 multifamily housing companies representing more than 5.9 million apartment homes throughout the United States and Canada.

Contact:
Christina Felts
Director of Marketing and Public Relations
Buckingham Companies, LLC
Christina.Felts@buckingham-co.com
317-554-6730