US: Harrison Street and Greystar Real Estate Partners have announced plans to develop a 344-unit/649-bed on-campus PBSA asset at the University of Kentucky.
The development will extends a public-private partnership with the University and will add to Harrison Street and Greystar’s existing 14 student assets. Their portfolio consists of 6,850 beds. Completion is scheduled for 2026. The property will be centrally located between key academic buildings and primary athletic facilities. Designed by Sherman Carter Barnhart, it will replace the University’s former Kirwan-Blanding Complex.
Harrison Street has invested $5.6 billion in PPPs to date, across 60 assets serving 41 colleges and universities.
Jim Hennessy, head of PPP business development at Harrison Street, said: “This transaction deepens our relationship with the University of Kentucky and underscores our commitment to public-private partnerships, an essential solution that addresses the dynamic needs of universities as they continue to see significant student growth. We’re excited to work alongside Greystar and the University of Kentucky to develop another top-tier student housing asset that will meet increasing enrolment needs while enhancing the on-campus experience.”
Julie Skolnicki, senior managing director for University Partnerships at Greystar, added: “We are thrilled to expand our partnership with the University of Kentucky. This new residence hall will not only provide state-of-the-art living spaces but will also be a hub for student life. We are committed to enhancing the overall student experience and supporting the University’s growth trajectory.”
