In 2014, the University of Louisville Foundation established the separate University of Louisville Real Estate Foundation to hold and manage its properties for UofL’s benefit. Today, the Real Estate Foundation oversees 31 buildings, valued at more than $250 million. These buildings provide University students, faculty, and staff an unmatched environment to pursue their educational and research goals. Other Real Estate Foundation properties generate critical revenue to support UofL’s initiatives.
Located on the University of Louisville’s ShelbyHurst Campus, this class AA+ office building is one of several buildings that helped the Real Estate Foundation establish one of the premier office parks in the Louisville area. This 120,000 square foot building is LEED certified, has 600 parking spaces, and sits on 18 acres. Managed by our partner, NTS Development Corporation, it is home to some of the area and nation’s top companies. Investing in real estate like 500 North Hurstbourne provides financial returns that are used to support the academic mission of the University.
Located on the Belknap Campus, the HIVE is an example of how the Real Estate Foundation’s holdings provide “town and gown” partnerships with industry. The HIVE, which opened in 2017, is operated by the University’s Speed School of Engineering. It is a technology research and collaboration studio focused on working with industry partners to provide AI, machine learning, cybersecurity, virtual reality, and app development solutions for all most business needs. These solutions are developed using UofL faculty and students. The collaboration around innovation provides experiential learning opportunities to students and faculty on campus and a proven value proposition to our industry partners. The HIVE is one of many such relationships housed within our real estate portfolio.
Located near the heart of the Belknap Campus, Bettie Johnson Hall is one of three student housing properties owned by the Real Estate Foundation. Managed by the University of Louisville’s Office of Student Housing, this 224-bed dormitory provides apartment style living close to all the campus has to offer. It serves as an example of the strategic investments the Real Estate Foundation makes in support of the University’s academic mission.
