Campus Advantage, Waypoint Residential Acquire 288-Bed Student Housing Community Near East Carolina University

Greenville, N.C. — Campus Advantage and Waypoint Residential have embarked upon a new partnership with the acquisition of First Street Place Apartments, a 288-bed community located near East Carolina University in Greenville.

The partnership will begin a $1.3 million capital improvements plan at the property, which will include renovations to the clubhouse, amenities and unit interiors.  

This acquisition marks Waypoint Residential’s entrance into the student housing industry. The company has acquired over $1.2 billion in multifamily properties since 2011, and currently owns/manages more than 10,000 apartment units.

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