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Nov. 30, 2012

Greystar Student Living Lands Charleston Student Housing Management Deal

By Eliza Theiss, Associated Editor

Greystar Student Living has announced receiving the management contract of Davis Property Group’s 400 Meeting Street Apartments—a 160-bed luxury student housing development in Charleston, S.C.

Owner of Davis Property Group, Russ Davis declared: “We have worked with Greystar Student Living for many years and are pleased to have them involved with this project. 400 Meeting Street Apartments is an exciting new student living community that combines modern eco-friendly conveniences with Charleston’s unique historic urban lifestyle.”

Indeed, the development’s tagline reads “Classy Meets Urban.” Located on Meeting Street between Mary and Reid streets just east of the historical central business district of Charleston, the property is within walking district of the College of Charleston, the Charleston School of Law and midtown Charleston’s major shopping, dining and employment venues of the oh-so-popular Upper King Street district.

The 1.17-acre development will feature 38 four-bedroom, four-bathroom units and four two-bedroom, two-bathroom units—totaling 160 beds. Units will range in size from 863 to 1,515 square feet and will come fully furnished, including full-sized washer and dryer. Community amenities include an elevated saltwater swimming pool and urban sun deck with grilling area and lounge area, a resident club house, exclusive access fitness center, surface parking and 110 covered bike racks.

The secure-access community will feature an extensive elevator system, courtyards and pet walk. 400 Meeting Street will be an Energy Star community. Another green feature will be its onsite car-sharing program featuring hybrid vehicles.

Dallas-based Greystar Student Living, Greystar’s national student housing platform, manages over 13,000 beds throughout the U.S.

Greenville-based Davis Property Group is a real estate development and investment company specializing in the development of infill and urban multifamily properties in the southeastern Unites States. It has been directly involved in the development and financing of over 45 apartment and condominium projects totaling almost 10,000 units.

Photo credit: Greystar Student Living


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