CHICAGO, August 8 — Article Student Living, a Chicago-based, vertically integrated student housing operator, continues to expand its presence in one of the country’s fastest-growing university markets with today’s announcement of its acquisition of Signature Apartments near the University of Kentucky. The acquisition further builds on the firm’s growing portfolio of $3.1 billion in assets under management.
“We are thrilled to add another best-in-class property to our portfolio in a market we’ve come to know well,” said Kevin Hites, President of Article Student Living. “The University of Kentucky’s continued enrollment growth and strong demand for quality student housing make this an ideal fit for our investment strategy. We’re confident Signature Apartments is well-positioned to meet that demand and deliver the quality students expect.”
The University of Kentucky reported an enrollment of nearly 39,000 students for Fall 2025, a 7.1% increase from the previous year and 24% growth over the past five years. Enrollment growth is projected to continue. The university ranks as the state’s top academic institution with a 17:1 student-faculty ratio and a competitive athletic program in the SEC.
Purpose-built student housing is designed to fit students’ unique needs, providing dedicated support and consistent quality that create a reliable, comfortable environment. Article’s vertically integrated platform combines deep industry experience, modern systems, and a resident-first approach to deliver seamless experiences for students.
Located on Angliana Ave., the 280-bed student housing property is within walking distance to campus and steps away from the university’s transit system. This is Article’s second acquisition on Angliana Ave., an established hub of purpose-built student housing in the market. Article acquired Latitude Lexington, formerly 5 Twenty Four and 5 Twenty Five Angliana, in 2025.
Delivered in 2024, Signature Apartments offer a modern living experience that extends beyond individual apartments, with shared spaces and amenities designed to foster connection, support academic achievement, and enhance day-to-day life for residents. Signature Apartments features study rooms, a fitness center, clubhouse, pool, and tanning beds.