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Contact:
Kensington Realty
Advisors, Inc.
James Lee
312.993.7800
 
CHICAGO, IL June 14, 2006 – Chicago-based Kensington Realty Advisors, Inc.
announces the purchase of Hoosier Court and Hoosier Court at Henderson in Bloomington, Indiana.
Both student housing properties are located adjacent to the Indiana University campus, which has
one of the largest student populations of any campus in the country. Together the properties
have a total of 239 units and 610 beds. The purchase price was in excess of $25 million.
Kensington acquired the property along with one of its institutional investors.
Kensington has been focusing on student housing investments recently due to the strong demand,
functional obsolescence of the existing stock and solid investment returns offered by this product.
James Lee, senior principal of Kensington noted, "The Indiana student housing investment follows the
recent commencement of a student housing development by the firm adjacent to the University of Michigan
campus in Ann Arbor, Michigan. We have been very involved in both student and senior housing as both ends
of the demographics have been increasing in terms of demand due to baby boomer and echo boomer population trends."
Kensington Realty Advisors, Inc., a real estate investment management firm headquartered in Chicago,
specializes in institutional real estate investment. Its investors include major pension funds, insurance companies,
financial institutions and high net worth individuals. Kensington's portfolio, including pending transactions,
totals approximately $1 billion in assets. The firm operates over 5,500 apartment, student housing and senior
housing units and 4 million square feet of industrial space throughout the country.
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