Kentucky

Denny-Crum

Louisville, Ky. — A public-private partnership between the University of Louisville, UofL Athletics, the UofL foundation and Investment Property Advisors has completed Denny Crum Hall. The residence hall, named after famed Louisville basketball coach Denny Crum, offers 128 beds across 67 apartment-style units with bed-to-bath parity. Each unit includes a full kitchen and living room and is fully furnished. Shared amenities include a rooftop deck, an event lounge, two theatre rooms, a billiards and gaming lounge, cafe, study area, conference room, an outdoor patio and a pickleball court. The majority …

0 FacebookTwitterLinkedinEmail
the-stretch-student-housing-lexington-ky-building-photo

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 …

0 FacebookTwitterLinkedinEmail
Vesper-Acquisition

New York City — Vesper Holdings has acquired a four-property student housing portfolio totaling 2,761 beds for $240 million.  Acquisitions include a 635-bed community located near Indiana University; a 699-bed community located near the University of Kentucky; a 736-bed community located near Kennesaw State University; and a 691-bed community located near Virginia Commonwealth University. Jaclyn Fitts of CBRE negotiated the transaction on behalf of the undisclosed seller.  “Our acquisition of this student housing portfolio is part of a strategy to purchase best-in-market student housing properties that offer our investors superior …

0 FacebookTwitterLinkedinEmail
Campus-Life

Lexington, Ky. — Campus Life & Style (CLS) has been awarded management of The Lex, a 649-bed student housing community owned by William Fideli Investments (WFI) near the University of Kentucky. Built in 2008, the recently-renovated property offers a mix of one-, two-, three- and four-bedroom units. Shared amenities include a 24-hour fitness center, dog park, business center, community grills, on-demand fitness classes, a newly updated clubhouse and game lounge, outdoor fireplace and kitchen, resort-style swimming pool and a yoga studio. This is the third management deal awarded to CLS …

0 FacebookTwitterLinkedinEmail
Bobby-Triad

Louisville, Ky. — Triad Real Estate Partners has hired Bobby Schiavone as managing director. As Managing Director, Schiavone will focus his efforts on the Central and Southeastern U.S., building out a team of brokers in the company’s newly opened Louisville, Kentucky office. Prior to joining Triad, Schiavone was vice president of commercial investment sales for Weichert Realtors. 

0 FacebookTwitterLinkedinEmail

Lexington, Ky. — Capstone Real Estate Investments (CREI) has sold The Preserve Lexington, a student housing community located near the University of Kentucky campus in Lexington. The property was originally acquired by CREI in June 2020 and underwent significant renovations. The buyer, terms of the transaction and details on the property were undisclosed. 

0 FacebookTwitterLinkedinEmail
Hilltop-Club

Bowling Green, Ky. — CBRE has arranged the sale of Hilltop Club, a 756-bed student housing community located near the Western Kentucky University campus in Bowling Green. Jaclyn Fitts, William Vonderfecht, Casey Schaefer, Brett Kingman, Russell Oldham and Brett Carr of CBRE brokered the transaction on behalf of the undisclosed seller. Nashville, Tennessee-based Freeman Webb purchased the community, which offers a mix of three- and four-bedroom units with bed-to-bath parity. Shared amenities include a resort-style swimming pool, basketball and volleyball courts, a dog park, clubhouse, game room, 24-hour fitness center …

0 FacebookTwitterLinkedinEmail

Murray, Ky. — Capstone Apartment Partners has arranged the $10.1 million sale of an  898-bed student housing portfolio in Murray. The portfolio features two properties: CEV Murray North and CEV Murray South, which are situated less than a half mile north of Murray State University’s campus. Capstone’s Jonathan Hawks, Adam Klenk, Austin Heithcock and Tyler Mayo represented the seller, Timberline Real Estate, in the transaction. The buyer, Hillcrest Acquisitions, plans to begin minor renovations at the properties to improve occupancy while keeping the current management company in place. CEV Murray North features …

0 FacebookTwitterLinkedinEmail
Merill Quote

Lexington, Ky. — Harrison Street has acquired a minority interest in a portfolio of on-campus housing at the University of Kentucky in Lexington as part of a newly formed joint venture with Greystar Real Estate Partners. The investment is structured under a public-private partnership (P3) model in which Greystar will continue the day-to-day operation and management of the 6,850-bed portfolio in collaboration with the University of Kentucky. The portfolio is comprised of nine residential communities with an average age of five years. “The University of Kentucky launched this groundbreaking initiative …

0 FacebookTwitterLinkedinEmail
The-Lex

Lexington, Ky. — Newmark has arranged the sale of The Lex, a 649-bed student housing community near the University of Kentucky in Lexington. The property is the closest student housing community to Rupp Arena, the home court of the university’s men’s basketball team. Communal amenities at The Lex include a business center, game room, 24-hour fitness center, pool and grilling areas. The property offers studio to four-bedroom floor plans. Debbie Corson, Ryan Lang and Jack Brett of Newmark represented the seller, a partnership between Atlanta-based CF Real Estate Services and global …

0 FacebookTwitterLinkedinEmail
Newer Posts