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Kentucky Sale Shows Weakness in Student Housing Sector

Red Mile Village Deal Brings Noteholders a 22% Loss – A Rarity for a Freddie Mac Loan
Red Mile Village Student Apartments in Lexington, Kentucky, sold for $15.3 million. (CoStar)
Red Mile Village Student Apartments in Lexington, Kentucky, sold for $15.3 million. (CoStar)

In a sign of weakness in the student housing sector, Red Mile Village Student Apartments near the University of Kentucky sold at a loss.

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