South Carolina

Core Spaces, Tom Winkopp Development Plan 4,000-Bed Clemson Student Village at The Pier

by Katie Sloan May 16, 2022

Clemson, S.C. — Core Spaces and Tom Winkopp Development have formed a joint venture to develop Clemson Student Village at The Pier, a 4,000-bed student housing community located on a 140-acre plot near Clemson University. The project is an extension of The Pier, a project that has already added 1,400 beds to Clemson’s student housing supply. Amenities at the new project include athletic and fitness facilities, pools, outdoor grills, student clubhouses, beachfront access to Lake Hartwell and waterfront trails. Once fully constructed, the site will feature “a new downtown locale that …

May 16, 2022

Company News Investment Sales News South Carolina

Armada Hoffler Sells Community Near College of Charleston in Move to Exit Student Housing Sector

by Katie Sloan April 6, 2022

Charleston, S.C. — Armada Hoffler Properties has sold Hoffler Place, a 258-bed community located near the College of Charleston in South Carolina as part of a move to exit the student housing sector. Located at 595 King St., the seven-story property features 74 units and 12,000 square feet of retail space. The community was developed by Armada in 2019 and was 97 percent occupied at the time of sale. The buyer and terms of the transaction were undisclosed. “As we’ve said before, one of the strengths of a diversified model …

April 6, 2022

Development News On-campus South Carolina

Furman University to Break Ground on $70 Million Residence Hall

by Katie Sloan February 2, 2022

Greenville, S.C. — Furman University is set to break ground on a $70 million residence hall development on the university’s campus in Greenville. The development will include a new residence hall for first-year students, which will replace the university’s existing Blackwell Hall, and renovations to four existing residence halls: Manly, Geer, McGlothlin and Poteat. The new building will feature office and lounge spaces, support services, a kitchenette and space designated for Furman’s Center for Inclusive Communities. The project is being designed by McMillan Pazdan Smith Architecture and will be constructed …

February 2, 2022

Investment Sales News South Carolina

MultiVersity Housing Partners Acquires 308-Bed Community Near the University of South Carolina

by Katie Sloan January 3, 2022

Columbia, S.C. — MultiVersity Housing Partners (MVHP) has acquired The Orchard, a 308-bed student housing community located near the University of South Carolina’s Williams-Brice Stadium in Columbia. The property consists of 84 cottage-style units offering three- and four-bedroom floor plans with bed-to-bath parity. Shared amenities include a swimming pool, clubhouse, fitness center, individual security systems and private parking. MVHP’s property management arm, MultiVersity Property Management, will oversee operations and planned renovations at the community. “MultiVersity is excited to be back in the Columbia market with such an outstanding asset,” says …

January 3, 2022

Investment Sales News South Carolina

Cushman & Wakefield Arranges Sale of 128-Unit Community Near Coastal Carolina University

by Katie Sloan December 22, 2021

Conway, S.C. — Cushman & Wakefield has arranged the sale of The Current at Coastal, a 128-unit student housing property located near the Coastal Carolina University campus in Conway. The community was recently renovated, with updates including the addition of new furniture, fresh paint in units, upgrades to appliances and HVAC units, and a clubhouse refurbishment. The property offers shared amenities including a 24-hour fitness center and study lounge. Travis Prince, Shawn Lubic, Victoria Marks and Tai Cohen of Cushman & Wakefield arranged the sale on behalf of special servicer …

December 22, 2021

Illinois Investment Sales News South Carolina

Harrison Street Forms Joint Venture with Greystar to Recapitalize 3,833-Bed On-Campus Portfolio

by Katie Sloan October 28, 2021

Chicago and Charleston, S.C. — Harrison Street has acquired a minority interest in a five-property portfolio of on-campus communities as part of its joint venture with Greystar Real Estate Partners. The five communities total 3,833 beds and are located at Cornell University, Boise State University, Lehigh University, Mississippi University and Northern Michigan University. The portfolio has an average age of three years and is comprised of 1,456 one-, two-, three- and four-bedroom units. Greystar will continue the day-to-day operation and management of the portfolio in collaboration with the universities’ housing …

October 28, 2021

Investment Sales News South Carolina

Landmark Properties Acquires 349-Bed Community Near Clemson University

by Katie Sloan August 4, 2021

Clemson, S.C. — Landmark Properties has acquired Campus View Apartments, a 349-bed student housing community located near the Clemson University campus in South Carolina. The property offers two-, three-, and four-bedroom fully furnished units. Shared amenities include an outdoor courtyard, a clubhouse, bistro, resort-style swimming pool and fitness center. “The acquisition of Campus View Apartments further solidifies our market-leading position in key growth markets by expanding our presence at Tier 1 universities across the country,” says Wes Rogers, president and CEO of the Athens, Georgia-based firm. “Campus View is an …

August 4, 2021

Company News News South Carolina

Greystar Hires Jeff Cangemi as Managing Director of University Partnerships

by Katie Sloan August 4, 2021

Charleston, S.C. — Greystar has hired Jeff Cangemi as managing director of university partnerships. In his new role, Cangemi will work with the Charleston, South Carolina-based company’s university partnerships team to expand its platform on the East Coast. Cangemi will report to Julie Skolnicki, senior managing director of university partnerships. Prior to joining Greystar, Cangemi held leadership roles with Star America Infrastructure Partners, Balfour Beatty and Lendlease. “As we continue to expand our university partnerships platform across project types and structures, it is critical for us to build the right team …

August 4, 2021

Development Georgia Indiana News Off-campus Pennsylvania South Carolina

Landmark Properties to Develop Three New Student Housing Projects in Pennsylvania, Indiana, South Carolina

by Katie Sloan July 14, 2021

Athens, Ga. — Landmark Properties has unveiled plans to develop three new student housing projects totaling 2,544 beds across three states. The developments include The Standard at Philadelphia adjacent to the University of Pennsylvania and Drexel University; The Standard at Bloomington near Indiana University; and The Standard at Columbia near the University of South Carolina. All of the properties are slated to open in fall 2023. With these project starts, Landmark will have more than $3.5 billion in properties under construction. The Standard at Philadelphia will feature 280 units with …

July 14, 2021

Investment Sales News South Carolina Texas

Homestead U, Columbus Pacific Acquire Three Properties in Texas, South Carolina

by Katie Sloan June 16, 2021

College Station, Texas and Charleston, S.C. — Homestead U and Columbus Pacific have acquired three student housing properties located in Texas and South Carolina. Acquisitions include 2818 and Parkway Place, two sister communities totaling 1,124 beds near the Texas A&M University campus in College Station; and SkyGarden, a recently built 309-bed community serving students attending the College of Charleston in South Carolina. The new ownership plans to invest $5 million to renovate interiors and amenity spaces, and rebrand both 2818 and Parkway Place as The Cottages. The seller and terms …

June 16, 2021

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