Clemson, S.C. — MultiVersity Housing Partners has acquired The Ridge, a 616-bed student housing community located near Clemson University in South Carolina. The property was built in 2018 and offers two- and four-bedroom, apartment- and townhome-style units with bed-to-bath parity. Shared amenities include a resort-style swimming pool with a lazy river, dog park, clubhouse, private shuttle to campus and fitness center. MultiVersity Property Management (MVPM) will oversee management of the community. Ryan Lang, Brandon Buell and Jack Brett of NKF Student Housing brokered the transaction. “We are thrilled to enter …
South Carolina
Christine Richards to Step Down as Executive Director of Real Estate Operations at Greystar
Charleston, S.C. — Christine Richards will step down from her position as executive director of real estate operations at Greystar on April 10. Richards began her career in multifamily more than 30 years ago at Gables Residential Trust, where she worked as a temporary leasing professional. In 2001, Richards went to work for Allen & O’Hara — which later became EdR — as regional director and served in a variety of roles with increasing responsibility over 17 years to eventually become executive vice president and chief operations officer. EdR was …
Clemson, S.C. — The Preiss Co. has broken ground on Signature Hartwell Village, a 433-bed student housing community located near Clemson University in South Carolina. The community will be part of a larger mixed-use development, Hartwell Village, which will include two hotels alongside a retail center occupied by Marshalls, PetCo and Aldi. The property will include four, three- and four-story residential buildings offering one-, two-, three- and four-bedroom units with bed-to-bath parity; a 6,034-square-foot clubhouse and leasing office; and a 7,200-square-foot outdoor amenity space. Shared amenities will include a dog …
JLL Secures $22.4 Million Construction Loan for 433-Bed Community Near Clemson University
Clemson, S.C. — JLL has secured a $22.4 million loan for the construction of Hartwell Village Apartments, a 433-bed student housing community located near Clemson University in South Carolina. Roger Edwards of JLL arranged financing on behalf of the developer, The Preiss Co. The community will be part of a larger mixed-use development, Hartwell Village, which will include two hotels alongside a retail center occupied by Ulta Beauty, Marshalls, Five Below, PetCo, Michaels, Aldi and Rack Room Shoes. Hartwell Village Apartments will offer shared amenities including a resort-style swimming pool, …
Charleston, S.C. — Greystar has hired Moreo Rivera as director of development for university partnerships. In his new role, Rivera will work with the Charleston-based firm’s university partnerships team to expand Greystar’s on-campus development platform in the western region of the U.S., with a focus on Southern California. Rivera previously worked for Trinitas Ventures, where he served as director of campus partnerships. “As we continue to expand our on-campus housing platform across the western region, it’s critical for us to build the right team to advance our strategic priorities and …
Joint Venture Breaks Ground on 486-Bed Development Near the University of South Carolina
Columbia, S.C. — A joint venture between 908 Group and Scannell Properties has broken ground on The Nine at Columbia, a 486-bed student housing community located near the University of South Carolina in Columbia. The community will consist of one, five-story building and six, two-story buildings offering townhomes. Shared amenities will include a sauna, fitness center, swimming pool and spa, an outdoor barbecue area and fire pits. The general contractor for the property is FaverGray and the architect is Humphreys & Partners. The development is set for completion in summer …
Clemson, S.C. — CBRE has arranged the sale of Tiger Towne Village and Tiger Towne Farmhouses, two adjacent student housing communities serving students at Clemson University in South Carolina. The properties offer a total of 513 beds and shared amenities including a 24-hour fitness center, study lounge, walking trail, putting green, fire pit, bocce ball court and multiple hammock gardens. Jaclyn Fitts, William Vonderfecht, Casey Schaefer, Parker Yates, David Lansbury and Kevin Kempf of CBRE represented the undisclosed seller in the transaction. Chain Bridge Capital acquired the communities for an …
DMG Investments to Break Ground on 480-Bed Community Near the University of South Carolina Upstate
Spartanburg, S.C. — DMG Investments is set to break ground on Auden Upstate, a 480-bed student housing community located near the University of South Carolina Upstate campus in Spartanburg. The $28 million development will consist of seven, four-story buildings offering two-, three- and five-bedroom units. Shared amenities will include a fitness center, study room, resident lounge, gaming room and a swimming pool. Construction is scheduled for completion in August 2020.
P3 to Break Ground on $210 Million Living-Learning Community at the University of South Carolina
Columbia, S.C. — A public-private partnership between Greystar and the University of South Carolina is set to break ground on Campus Village. The multiphase redevelopment will be located on the current site of Cliff Apartments at the northeast corner of Sumter and Whaley Streets in Columbia. The partnership will begin construction on the $210 million first phase of development in February 2020 with completion scheduled for fall 2022. When complete, the living-learning community will feature 1,800 beds, an academic support space, a dining hall, campus safety office, sundry store and …
Athens, Ga. — Landmark Properties has been awarded management of 11 student housing communities totaling 5,400 beds. The Athens-based company’s new assignments are located in Tennessee, Oregon, South Carolina, Florida, Louisiana, Connecticut and North Carolina. Properties Include: “As we continue developing and managing our owned properties, we also remain keenly focused on our third-party management business,” says James Whitley, COO of Landmark Properties. “This allows us to bring our deep industry and operational knowledge, as well as unsurpassed college living experiences, to more student housing developments across the country.”