Charleston, S.C. — Greystar has acquired a seven-property portfolio of purpose-built student housing communities located in Australia for $1 billion. The acquisition includes UniLodge Park Central in Brisbane; Y Suites City Gardens and Y Suites on Waymouth in Adelaide; Y Suites on A’Beckett in Melbourne; Y Suites on Gibbons and Y Suites on Regent in Sydney; and Y Suites on Moore in Canberra. Greystar plans to upgrade the facilities, re-brand the communities and integrate its operational platforms across the portfolio. “This acquisition is a pivotal step in Greystar’s Australian journey,” says …
South Carolina
Chicago and New York City — A joint venture between Chicago-based Blue Vista Capital Management and New York City-based Clarion Partners has acquired a four-property student housing portfolio totaling 2,787 beds. Columbus Pacific Group sold the properties for an undisclosed price. The acquisition included two adjacent student housing communities offering a total of 1,124 beds near the Pennsylvania State University campus in University Park; a 309-bed community serving students attending the College of Charleston in South Carolina; and a 1,354-bed property located near the Texas A&M University campus in College Station. …
JLL Secures Construction Financing, Equity Placement for 168-Unit Development Near Clemson University
Clemson, S.C. — JLL has secured construction financing and an equity placement for Hartwell Ridge, a 168-unit student housing development located near the Clemson University campus in South Carolina. Jeremy Sain, Teddy Leatherman and Lauren Dow of JLL represented the borrower, Fountain Residential Partners, in arranging the equity placement through FrontRange Capital and Atlantic American Partners. BankUnited provided the construction loan for the project. Located at 10920 Clemson Blvd., the community will offer fully furnished units in studio through five-bedroom configurations, including two-story townhomes. Shared amenities will include a swimming pool, …
Inland Acquisitions Buys 673-Bed Student Housing Community Near University of South Carolina
Columbia, S.C. — Inland Real Estate Acquisitions has purchased the Sawyer on Lincoln, a 673-bed student housing community located adjacent to the University of South Carolina campus in Columbia. Inland acquired the newly delivered property on behalf of an affiliate. The seller and sales price were not disclosed. Delivered in 2023, the 277-unit Sawyer on Lincoln features one-, two- and three-bedroom, fully furnished apartments with bed-to-bath parity. Shared amenities include private and group study rooms, a 24-hour fitness center, gated resident parking garage with 525 parking spaces, package locker system for …
Providence, R.I. — A joint venture between Gilbane Development Co. and CBRE Investment Management has acquired a six-property student housing portfolio totaling 3,000 beds across the U.S. The transaction included the recapitalization of three communities and three “shovel-ready” development projects. The portfolio comprises Bixby on College near Clemson University in South Carolina; undisclosed communities near the University of Illinois and Syracuse University campuses; and three development projects serving students attending the University of Central Florida, University of Florida and University of California, Berkeley. Further details on the transaction, including the identity …
Campus Advantage, Tramview Capital Acquire 700-Bed Community Near University of South Carolina
Columbia, S.C. — A joint venture between Campus Advantage and Tramview Capital Management has acquired Alight Columbia, a 700-bed student housing community located near the University of South Carolina campus in Columbia. The new ownership plans to rebrand the 206-unit property The Radley. The community offers a mix of two- and four-bedroom units alongside shared amenities including a fitness center, swimming pool, outdoor grilling station, tennis courts, basketball and sand volleyball courts, and a resident clubhouse and business center.
Clemson, S.C. — Landmark Properties has acquired The Ridge Clemson, a 616-bed student housing community located at 205 Tiliwa Court near the Clemson University campus in South Carolina. Built in 2018, the property offers 184 fully furnished units in a mix of two-bedroom apartments and four-bedroom townhomes. Shared amenities include a resort-style swimming pool, lazy river, hot tub, jumbotron, clubhouse, full basketball court, dog park, fitness center, study lounges and a coffee bar. TSB Capital Advisors coordinated financing for the acquisition, the terms of which were not disclosed. The community was …
BridgeInvest Provides $84.3 Million Refinancing for Two Student Housing Properties in Pennsylvania, South Carolina
Philadelphia and Columbia, S.C. — BridgeInvest has provided loans totaling $84.3 million for the refinancing of two student housing communities in Pennsylvania and South Carolina. The borrowers in both transactions were not disclosed. The Avery, a 241,000-square-foot community offering 796 beds near Temple University in Philadelphia, received a $54.3 million refinancing. The property was updated in 2021 and features three ground floor retail spaces, two of which are occupied by Fat Shack and Jimmy John’s. The Rowan, a townhome-style community located near the University of South Carolina’s Williams-Brice football stadium, received …
Greenville, S.C. — Furman University has completed the development of Lakeview Hall, a new student housing community at the South Housing area of the university’s campus in Greenville. Amenities at the property, which totals 210 beds, include study spaces, common areas, a laundry facility, full kitchen and offices for the Center for Interpersonal Connections (CIC). McMillan Pazdan Smith and Mackey Mitchell Architects served as architects for the development, with Harper General Contractors acting as the general contractor. Engineers included RMF Engineering, Professional Engineering Associates and ADC Engineering. The new residence hall …
Columbia, S.C. — Construction is underway on Gateway 737, a 940-bed student housing development located on the University of South Carolina campus in Columbia. The project is being developed by a public-private partnership between Holder Properties and the University of South Carolina Foundations and is expected for completion in August 2025. The community will include 12,500 square feet of retail space, a three-story meeting and event space and dedicated parking spaces. Shared amenities will include a rooftop lounge; two-story, state-of-the-art fitness center; resort-style swimming pool; tech lounge; and game room. The …