Barings and Article Student Living has acquired 5 Twenty Four and 5 Twenty Five Angliana, a 1,060-bed student housing property at the University of Kentucky in Lexington, Ky.
“We are excited about the opportunity to continue partnering with Article Student Living across Barings’ equity and debt investment teams,” said Akbar Tajani, Barings’ managing director, real estate portfolio management. “The student housing sector has been a growing high-conviction theme for us given strong fundamentals and continued desire for higher education in the United States. We look forward to expanding our relationship with Article in pursuing similar investment opportunities in what we believe to be supply and demand imbalanced markets.”
Kevin Hites, president of Article Student Living, said, “These properties were purpose-built with students in mind, and provide the underlying infrastructures for convenience, community-building and wellness. We’re pleased to acquire the
