Dive summary:

• The University of Kentucky knows that housing is part of how students weigh their options of where to go to school, and it had 5,100 beds on-campus with an average age of 44 years.
• The answer the school found was a long-term partnership with EdR, which will build 7,000 to 9,000 new beds to UK over the next seven to nine years.
• The university was looking at $205 million in deferred maintenance of the aging housing stock and could not take on the project itself without putting costs on the backs of students.

From the article:

This past winter, the University of Kentucky (UK) announced it was entering a public-private partnership with veteran student housing REIT EdR to redevelop almost the entirety of its on-campus housing stock. ...