Campus Advantage, Tramview Capital Management Acquire 533-Bed Community Near the University of Kentucky

Lexington, Ky. — A joint venture between Campus Advantage and Tramview Capital Management has acquired The Stretch, a 533-bed student housing community located near the University of Kentucky in Lexington. 

The property offers a mix of two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a two-story fitness center, swimming pool, hot tub, outdoor grilling station, fire pit, basketball court, sand volleyball court, dog park, study rooms and a business center. This acquisition is the first for the joint venture, which was formed with a focus on acquiring value-add student housing properties near major universities across the U.S. 

“We are thrilled to be partnering with Tramview in the first of many endeavors via our private fund, and to once again do so in a market in which we’ve enjoyed prior success,” says Mike Peter, president and CEO of Campus Advantage. “Our strategy is to employ our exceptional leasing, operations, revenue management and marketing platforms to create yet another successful community that exceeds expectations, from resident to guarantor to investor.”