CAMPUS FIRST AND CF REAL ESTATE SERVICES ACQUIRES 486 BED PROPERTY AT UNIVERSITY OF SOUTH CAROLINA (COLUMBIA, SC)
Campus First Student Living, a division of CF Real Estate Services LLC, has acquired a 486 bed community at University of South Carolina.
Columbia, S.C.--11/21/2016- Campus First and CF Real Estate Services, in joint venture with a large private commingled fund, have acquired the Club at Coastal Carolina (to be renamed Rivers Edge 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 this 486-bed property as well as a $2.7 million renovation. The property will now be known at Rivers Edge at Carolina Stadium as it located adjacent to the Congaree River and across the street from USC’s recently completed upscale baseball stadium.
Campus First will bring their boutique style approach and expertise in property and construction management to reposition the asset into of USC’s premier student housing options. As part of the extensive renovations, Campus First will be constructing a brand new club house complete with a state of the art fitness center, private and shared study lounges, gaming area, a café, and large 2nd floor deck overlooking the pool and terrace area. Other improvement include a new outdoor kitchen, renovated dog park with dog washing station, two fire pit areas, enhanced landscaping and new signage. The exterior will see a new paint scheme and other enhancements.
Residents will be pleased with the upgraded internet and cable packages as well as the addition of VIP premium suites. The new premium option will include grey faux wood floor, painted interiors, completely renovated kitchens with subway tile backsplashes, stainless steel appliances, new counter tops and kitchen hardware. The bathrooms will also be updated and the VIP suites will be getting all new modern furniture packages and new large, flat screen televisions.
Taking advantage of our amazing river location and direct access to Granby Park, the property plans to provide kayaks and canoes from use by our tenants. The property will also be providing a new shuttle bus and electric bikes for use by students to get to class.
“We are very excited about acquiring such a wonderful student asset and turning this asset into a premier Class-A property in the USC market through our planned renovation program” according to Christopher Feeley, President of Campus First.