Clemson, S.C. — Core Spaces has acquired Clemson Lofts, a 233-unit, 641-bed student housing community in Clemson. GEM Realty Capital joined Core Spaces as equity partner, and KKR provided financing. The seller and price were not disclosed. Clemson Lofts is positioned directly north of Tiger Boulevard, which is the main entryway into Clemson University and includes the most popular retail and restaurants. The property is spread across 19 acres and includes 14 separate residential buildings and a clubhouse. The floor plans include one-bedroom through four-bedroom units, each fully furnished with modern …
South Carolina
Clemson, S.C. — Realco Capital Partners and Arcapita have sold Clemson Lofts, a 641-bed community located near the Clemson University campus in South Carolina. Core Spaces acquired the property for an undisclosed price. Chris Epp, Craig Miller, Matthew Chase, Holden Penn, Ben Sarna, Sarah Foronda, Will Baker and William Shell of Walker & Dunlop arranged the disposition and secured acquisition financing alongside TSB Capital Advisors. Clemson Lofts offers a mix of one-, two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include private and group study space, outdoor yoga …
Columbia, S.C. — A public-private partnership between the University of South Carolina and Greystar has opened Campus Village, a $240 million residence hall development. Construction on the project, which includes four buildings offering 1,800 beds, began in May 2019. Each six-story building is connected by pedestrian promenades that run alongside green space, courtyards and a clock tower. Beds are offered in pod-style units alongside shared amenities including study and classroom spaces and community kitchens. The development also features a 14,000-square-foot dining hall that seats 650 students; a sundry shop dubbed …
Clemson, S.C. — The Preiss Co. has received as recapitalization for Collective at Clemson, a 598-bed student housing community near Clemson University in South Carolina. A $3.8 million portion of the financing will be used for property renovations, including updates to the fitness center and swimming pool, unit upgrades and improved internet services. Unit upgrades will include the addition of stainless steel appliances, refinished cabinetry, quartz countertops, updated hardware, modern backsplashes, contemporary light fixtures and 70” smart televisions. Units will also receive new interior paint and slight bathroom improvements. Located …
Clemson, S.C. — Industry veteran Eric Newton has launched ENE Group, which unites his various companies under a single banner. The Clemson, South Carolina-based group includes property and land acquisition firm Rutledge Development; strategic planning, investment and development firm Eric Newton Real Estate; construction firm Focus Construction; sales firm Focus Realty; property management firm Tiger Properties; and a start-up venture titled Rentametrix. “We’ve honed our craft within each business to provide expertise for end-to-end project development,” says Newton. “I recognized last year we hit an inflection point. It was time …
RREAF Holdings Acquires 486-Bed Student Housing Community Near University of South Carolina
Columbia, S.C. — RREAF Holdings has acquired Rivers Edge at Carolina Stadium, a 486-bed student housing community located near The University of South Carolina in Columbia. The property was built in 1996 within the university’s Greek Village and offers 486 beds. Capital improvements are planned for the community, which will be overseen by RREAF Construction Services. Renovations are set to include upgrades to 40 percent of the property’s 240 units and amenity updates including the addition of a dog run; upgrades to the existing basketball, volleyball and pickle-ball courts; and …
Clemson, S.C. — Amplify Development Co. has acquired a Greek housing property located near Clemson University in South Carolina. The community is located on a 24,000-square-foot lot at 173 Old Greenville Highway along the northern edge of the university’s campus. The three-story property offers 15 surface-level parking spaces; multiple kitchen, dining and common areas; and 10 units that can accommodate 20 to 30 beds. Amplify has secured a multi-year master lease with an established Greek organization to occupy the space. Cosmetic and interior renovations are planned for the community, details …
Clemson, S.C. — Eric Newton Real Estate has sold Cambridge Creek Clemson, a 380-bed student housing community located near Clemson University in South Carolina. The property offers 132 townhome units in three- and four-bedroom configurations. Shared amenities include a resort-style swimming pool and tanning deck with cabanas; bathhouse; outdoor pavilion with televisions; and a clubhouse with study lounges, a coffee bar and fitness center. The buyer and terms of the off-market transaction were undisclosed.
Conway, S.C. and Waco, Texas — Campus Life & Style (CLS) has been awarded management of two student housing properties in South Carolina and Texas. Assignments include The Cove at Coastal Carolina, a 396-bed student housing community in Conway; and University Edge, a 236-bed property serving students attending Baylor University in Waco. Both properties are owned by Orion Student Housing, a joint venture between WFI and Willis Cos. “We are proud and excited that our successful partnership has yielded more opportunities,” says Jim Sholders, CEO of CLS. “CLS performs on …
Global Student Accommodation Completes Acquisition of 1,600-Bed Student Housing Portfolio
Austin, Texas; Flagstaff, Ariz.; and Charleston, S.C. — Global Student Accommodation (GSA), in a joint venture with Morgan Stanley Real Estate Investing, has completed the acquisition of a five-property student housing portfolio totaling over 1,600 beds. The seller was Harrison Street, an investment management firm headquartered in Chicago. The portfolio includes three assets in Austin, one in Flagstaff and one in Charleston. The price and names of the specific properties were not disclosed. TSB Realty brokered the transaction. The three properties near the University of Texas at Austin — The Corner, Ruckus on Nueces …