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Banks Buy Land From University To Build Affordable Housing in Lexington, Kentucky

Property Previously Was Home Field for Transylvania University's Baseball Team
Transylvania University has sold a more than 12-acre lot in Lexington to a collection of banks in the state for the development of affordable housing. (CoStar)
Transylvania University has sold a more than 12-acre lot in Lexington to a collection of banks in the state for the development of affordable housing. (CoStar)
By Taylor Weems
CoStar Research
April 3, 2024 | 6:31 P.M.

A collection of banks in Kentucky have acquired a 12.51-acre lot in Lexington, Kentucky, from Transylvania University for $2.8 million, or about $223,821 per acre. 

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