Kayne Anderson Buys Kentucky Student Housing Community

5 Twenty Four Angliana is a 740-bed community that was purchased from the property’s original developer.


5TwentyFour-Angliana-webLexington, Ky. — Kayne Anderson Real Estate Advisors has acquired a luxury student housing community located near the University of Kentucky in Lexington. The community, 5 Twenty Four Angliana, contains 740 beds. It features a swimming pool and is located within walking distance of the university. Occupancy was 99 percent at the time of closing. Kevin Larimer of Hendricks & Partners’ Student Housing division partnered with Cole Whitaker of the firm’s Orlando office and Todd Stofflet of the firm’s Michigan office to represent the seller, Lexington Development, which was the property’s original developer. The acquisition price was not disclosed.

— Coleman Wood

More News