JV Acquires Student Housing Near USC
- Nov 23, 2016
Columbia, S.C.—Campus First Student Living and CF Real Estate Services LLC have announced the acquisition of the 486-bed Club at Carolina Stadium, located less than 1 mile from the main campus of University of South Carolina.
Campus First will be overseeing the management of the property as well as a $2.7 million renovation, which will include constructing a new clubhouse complete with a state-of-the-art fitness center, private and shared study lounges, gaming area, a café, and large second-floor deck overlooking the pool and terrace area. Other improvements include a new outdoor kitchen, renovated dog park with dog washing station, two fire pit areas, enhanced landscaping and new signage. The exterior will receive a new paint scheme and other enhancements.
“We are very excited about acquiring such a wonderful student asset and turning this living space into a premier Class-A property in the USC market through our planned renovation program,” Christopher Feeley, president of Campus First, said in a statement.
Because of its river location and direct access to Granby Park, the property plans to provide kayaks and canoes exclusively for resident use. The property will also be providing a new shuttle bus and electric bikes for use by residents to get to class.
Image courtesy of Aspen Square Management