Knoxville, Tenn. and Greenville, N.C. — Realco Capital Partners (RCP) has sold two student housing communities totaling 1,350 beds. Dispositions include Quarry Trail, serving students attending the University of Tennessee in Knoxville; and Carolina Creek, located near East Carolina University in Greenville.
Quarry Trail offers a mix of one-, two-, three- and four-bedroom units. Shared amenities at the property include three resort-style swimming pools, a state-of-the-art fitness center, shuttle service to campus, study areas and a dog park.
Carolina Creek offers three-bedroom units with bed-to-bath parity. Shared amenities include a swimming pool, 24-hour fitness center, hammock garden, clubhouse, business center, study room, private study cubes and a dog park.
RCP recently executed $4 million in renovations to units and amenity areas at Quarry Trail. The company also recently finished a multi-year renovation project at Carolina Creek. The buyer(s) and terms of the transaction(s) were undisclosed.