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Dec. 4, 2012

Greystar to Manage New Charleston Student Housing

By Dees Stribling, Contributing Editor

Charleston, S.C.—Davis Property Group has tasked Greystar Student Living to manage 400 Meeting Street Apartments, a student housing property in the Old and Historic District of Charleston. The development is a 160-bed property that will be built on 1.17 acres on Meeting St. between Mary and Reid Sts.

The development will offer two- and four-bedroom apartments ranging from 863 square feet to 1,515 square feet. Each unit will be fully furnished and include a full-sized washer and dryer. Amenities include a clubhouse with a fitness center, pet walk, courtyards, covered bicycle racks and a grilling area.

400 Meeting Street is in midtown Charleston, within walking distance to the College of Charleston, the Charleston School of Law, and the Upper King Street District’s retail area. According to the developer, the project will also include green features such as an on-site car-sharing program for residents who occasionally need a car to get around town.

Dallas-based Greystar Student Living is Greystar’s national student housing platform, and it manages over 13,000 beds throughout the country. 400 Meeting Street is its first South Carolina property.

Davis Property Group is a Greenville-based real estate development and investment company wholly owned by J. Russ Davis Jr. In business since 1998, the company specializes in infill and urban multifamily properties in the Southeastern, developing over 45 apartment and condominium projects totaling roughly 10,000 units.