Harrison Street Asset Management has sold its stake in a large-scale, 7,500-bed on-campus student housing portfolio at the University of Kentucky in Lexington to BBGI Global Infrastructure.
The transaction includes Harrison Street’s 49 percent stake in a 14-property student housing portfolio with 6,850 beds, initially acquired in December 2020. The sale also includes Harrison Street’s 90 percent stake in Kirwan Blanding Hall, a newly developed 334-unit on-campus residence hall scheduled to open for the 2026–2027 academic year, which consists of approximately 650 beds.
The properties were managed through a public-private partnership (P3) with the University of Kentucky. Greystar, which served as Harrison Street’s joint venture partner across all properties, will remain invested in the portfolio and continue to manage the properties.
“We were extremely pleased with the level of interest this P3 asset attracted from a broad range of bidders, including bot
