|Building Area Net||
|Number of units||170|
Jones Lang LaSalle, L.P. and JLL Real Estate Limited proudly present The Stretch, a 533-bed/170-unit student housing community located at the University of Kentucky. Kentucky is a nationally recognized Power-5 university with back-to-back years of record enrollment numbers after a Fall 2021 enrollment of 31,800 students that featured a 10% year over year increase in graduate students. The Property allows investors to take advantage of a meaningful value-add opportunity requiring minimal capital. Current ownership has invested over $2.5 Million in upgrading the property which allows a new investor to take advantage of the work that has been done and push rents and occupancy to market which results in a $950,000 increase in annual revenue.
Broker of Record: Doug Owen - License # KY - 198490
- Recent $2.5MM capital infusion allows a new investor the opportunity to bring rents and occupancy to market.
- University of Kentucky is a growing university with current enrollment of 31,800 students and zero beds in the development pipeline.
- Best-in-class location near restaurants, nightlife and campus.