Columbia, S.C. — Peak Campus has been awarded management of Reign Living at the Stadium, a 504-bed student housing community under development near the University of South Carolina in Columbia. The property is set to open in fall 2020 and will offer three-, four- and six-bedroom, townhome-style units. Shared amenities will include a swimming pool with a lazy river, a sand volleyball court, an outdoor fire pit and shuttle service to campus.
Columbia, S.C. — Campus Advantage has been awarded management of The Rowan, a 1,002-bed student housing community located near the University of South Carolina in Columbia. The community — previously known as The Southern @ 1051 — was recently rebranded in partnership with Catalyst. The property is also set to undergo capital improvements, which will include updates to shared amenity spaces and upgrades to unit interiors including the addition of new flooring, appliances, furniture and fixtures. The Rowan offers one-, two-, three- and four-bedroom units. Community amenities include a swimming …
Clemson, S.C. — A joint venture between The Preiss Co. and a private real estate fund advised by Crow Holdings Capital has acquired Aspen Heights Clemson. The 598-bed property has been rebranded The Collective at Clemson. Renovations are currently underway, to include the addition of new furniture in select units; upgrades to the property’s clubhouse and shared amenity spaces; exterior improvements; and upgrades to flooring throughout. The community offers a mix of cottage- and townhome-style units featuring two-, three-, four- and five-bedroom floor plans with bed-to-bath parity. Shared amenities include …
Spartanburg, S.C. — Construction is underway on Auden Upstate, a 486-bed development by DMG Investments near the University of South Carolina Upstate campus in Spartanburg. The 211,000-square-foot community will offer two-, three-, four- and five-bedroom, fully furnished units with bed-to-bath parity. Shared amenities will include a resident lounge, fitness center, basketball court, volleyball court, yoga room, three study areas and a swimming pool. The property is scheduled for completion in fall 2020.
Austin, Texas — HFF has arranged $92 million in financing for a three-property, 1,653-bed student housing portfolio in Iowa, Texas and South Carolina. Doug Opalka, Casey Wenzel and Michael Johnson of HFF worked on behalf of Austin-based Aspen Heights and Safanad to secure the three-year, floating-rate loan through a large institutional lender. Loan proceeds were used to refinance existing construction financing. Properties include Aspen Ames, a 422-bed, garden-style property located near Iowa State University; Aspen Houston, a 717-bed community located near the University of Houston; and Aspen Conway, a 514-bed property …
Charleston, S.C. — Greystar Real Estate Partners has promoted Jared Everett to managing director of the company’s university partnerships in the West. Everett joined EdR in 2016 as a vice president of university partnerships and continued that role with Greystar when the two companies merged in 2018. Prior to joining EdR, Everett spent 20 years in higher education, including 14 years at Boise State University where he held various leadership roles including treasurer and executive director of real estate and business development. “Jared’s experience in university finance and real estate …
Columbia, S.C. — Cushman & Wakefield has arranged the sale of The Southern @ 1051, a 1,002-bed student housing community located near the University of South Carolina campus in Columbia. Travis Prince, Victoria Marks, Jordan McCarley and Paul Marley of Cushman & Wakefield arranged the disposition on behalf of the seller, an undisclosed CMBS Trust. Ernet Capital Management acquired the property for an undisclosed amount.
Columbia, S.C. — SmartStop Asset Management LLC has acquired Aspyre at Assembly Station, a 760-bed student housing community located near the University of South Carolina, for $64.5 million.
Clemson, S.C. — CollegeTown Properties has arranged the sale of three student housing properties near Clemson University in South Carolina.
Florence, Ala. and Conway, S.C. —Mallory & Evans Development has broken ground on two student housing communities with a combined value of $56 million in Alabama and South Carolina.
