Kentucky

Lexington, Ky. — A joint venture between Article Student Living and Barings has acquired 5 Twenty Four and 5 Twenty Five Angliana, a 1,060-bed student housing development located near the University of Kentucky campus in Lexington. The property includes 13 buildings spanning 427,200 square feet across 30 acres. The community offers 376 fully furnished units in one- through four-bedroom configurations. Shared amenities include two fitness centers; two swimming pools with sun decks and lounges; two study centers; private study space; a half basketball court; game room; movie theater; and on-site parking. …

Bowling Green, Ky. — ABCampus has acquired Midtown at WKU, a 534-bed student housing community located near the Western Kentucky University campus in Bowling Green. Completed in 2017, the property offers 189 units with bed-to-bath parity. Shared amenities include a fitness center, rooftop pool, study center, courtyard with grilling stations, clubhouse and private meeting rooms. Greg Young of Colliers Mortgage secured acquisition financing for the property through Eagle Realty Group on behalf of the buyer. Pearlmark provided mezzanine financing for the deal. The seller and terms of the transaction were not …

Lexington, Ky. — GMH Communities has acquired The Stretch, a 533-bed student housing community located near the University of Kentucky campus in Lexington. A joint venture between Campus Advantage and Tramview Capital Management sold the property for an undisclosed price. Teddy Leatherman, Scott Clifton, Kevin Kazlow and Jack Goldberger of JLL represented the seller in the transaction. Built in 2009 at 1051 Red Mile Road, the community offers a mix of two-, three- and four-bedroom units. Shared amenities include a clubhouse; pool and hot tub; fitness center; basketball, pickleball and volleyball …

Lexington, Ky. — Vesper Holdings has acquired The Lex, a 649-bed student housing community located near the University of Kentucky campus in Lexington. Built in 2008, the four-story property offers a mix of one-, two- and four-bedroom units with bed-to-bath parity. Shared amenities including a 24-hour, state-of-the-art fitness center; resort-style swimming pool; yoga studio; study spaces; an outdoor hammock garden; and a newly renovated clubhouse and gaming lounge. Vesper partnered with an undisclosed institutional investor on the off-market acquisition, financing for which was placed by Gregg Wallace at AMA Financial. The …

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 …