The University’s housing stock currently includes 5,154 undergraduate beds and 816 efficiency,
one- and two-bedroom apartments for graduate students and family housing. The average age of
the residence halls and apartments is 44 years and 48 years, respectively.
A summary of the tenns ofthe draft ground lease is attached. The draft agreement can be
viewed at httg:[[www.uky.edu[Housingjfacilities d0cuments.htm|. The draft agreement may
be modified prior to execution, if necessary. Any substantive modifications will be reported to
the Board. Ifthe Board authorizes the President to enter into this long-tenn ground lease, an
affiliation agreement between the University and EdR outlining how the housing facility would
be operated and maintained will also be executed.
This project represents the first step in the transfonnation of student housing. The total
development is anticipated to include up to 9,000 replacement and expansion beds and be
completed within seven years.
Action taken: lZlApproved EI Disapproved EI Other