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524 Angliana

Project Results: Property opened for fall 2009 at 75% occupancy. Achieved 100% occupancy fall 2010. Successful exit fall 2010 with a purchase price of $43 million, a realized capital gain of approximately $7.3 million, and an equity multiple of 1.8x.

  • Role: Design consulting, market analysis/feasibility, initial operations/lease-up, property management
  • Location: Lexington, KY (University of Kentucky)
  • Open: August 2009
  • Total Cost: $35.7 million
  • Equity: $8.9 million
  • Beds: 740
  • Strategy: Purpose Built Development