South Carolina Student Housing Portfolio Sells for $26M

1 min read

Calidus Holdings traded the 245-bed portfolio near the Clemson University campus.

109 College. Image via Google Street View

Student Quarters has purchased a $25.5 million four-property student housing portfolio at Clemson University in Clemson, S.C., from Calidus Holdings. JLL represented the seller and secured a 30-year, floating-rate $17.2 million acquisition loan from Prime Finance Partners, public records show. 

The 245-bed portfolio, which comprises 109 College, The Boundary, The Estate and The Farm, is 1 mile from the Clemson University campus. Unit sizes range from 350 to 536 square feet per bed. Each unit features stainless steel appliances, bed and bath parity and in-unit washers and dryers. Community amenities include a pool, fitness center, outdoor pavilion and study rooms.

Location details

Located at 109 College St., 100 Old Central Road, 111 College St. and 240 Elm St., the four properties along Highway 123 offer easy access to the university’s retail, dining and entertainment options. The Clemson Tigers’ Death Valley football stadium is less than 2 miles south of the properties, while downtown Clemson is 1 mile south.

Senior Directors Teddy Leatherman, Scott Clifton and Stewart Hayes formed the JLL Capital Markets Investment Sales and Advisory team that represented the borrower. Meanwhile, Director John Gavigan led the JLL Capital Markets Debt Advisory team.

Active in other southern markets, Student Quarters, in partnership with Alex. Brown Realty, acquired Riverfront Village, a 440-bed student housing community in Tuscaloosa, Ala., for $24.1 million earlier this year.

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