Chicago, IL, September 10, 2026 – Harrison Street Asset Management (“Harrison Street” or the “Firm”), a leading alternative global investment management firm with $110 billion in assets under management across infrastructure, real estate and credit strategies, today announced the sale of its stake in a large-scale, 7,500 bed on-campus student housing portfolio at the University of Kentucky in Lexington, Kentucky, to BBGI Global Infrastructure.
The transaction includes Harrison Street’s 49% stake in a 14-property student housing portfolio with 6,850 beds, initially acquired in December 2020. Since Harrison Street’s acquisition, this portfolio has benefited from strong demand for on-campus housing alongside 24% enrollment growth at the University of Kentucky, while maintaining full occupancy. The sale also includes Harrison Street’s 90% stake in Kirwan Blanding Hall, a newly developed 334-unit on-campus residence hall scheduled to open for the 2026-2027 academic year that consists of approximately 650 beds. The properties were managed through a public-private partnership with the University of Kentucky, and Greystar, which served as Harrison Street’s joint venture partner across all properties, will remain the majority owner and continue to manage the portfolio.
“We were extremely pleased with the level of interest this Public-Private Partnership asset attracted from a broad range of bidders, including both real estate and infrastructure investors,” said Jim Hennessy, Head of PPP Business Development at Harrison Street. “The strength of demand and pricing that exceeded our expectations in today’s market underscore investors’ positive outlook on the long-term fundamentals of higher education P3 assets.” Harrison Street is a leader in providing PPP solutions to the higher education, healthcare and government sectors. The firm has invested
About Harrison Street Asset Management
Harrison Street Asset Management is a leading global alternative investment management firm with $110 billion in assets under management across real estate, infrastructure, and credit strategies. Headquartered in Chicago, Toronto, and London with over 600 employees in offices across North America, Europe, Asia and the Middle East, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of over 1,100 institutional investors and over 300 Registered Investment Advisors.1
1HSAM data and descriptions of HSAM’s business are generally comprised of the aggregated data and business activities of investment advisors that are owned in whole or in part by HSAM. Assets under management (“AUM”) reflects the AUM for the investment advisory and asset management clients of such investment advisors and is inclusive of the regulatory AUM of such investment advisors as would be reported in their respective Form ADVs.
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