XFD Real Estate Snags 888-Unit Student Housing Property in Greenville

XFD Real Estate Partners, along with joint venture partners Ash Real Estate, Saxum Real Estate and Anchor Real Estate Capital, has acquired The Landing, an 888-unit student housing property in Greenville. The sales price was not disclosed.

Located near the East Carolina University campus in Greenville, the property offers two-, three- and four-bedroom units. The gated community is spread over 21 acres and offers a suite of amenities including three resort-style swimming pools, a spa with sun deck, 24-hour fitness center, a dog park and group study rooms.

The Landing will be managed in-house by XFD’s property management platform. They will be the third owner of The Landing, which was developed in 2008. The Landing is the second acquisition in a series of planned acquisitions for XFD.

“The Landing is a strategic fit for us,” said Doug Larson, co-founder and president at XFD Real Estate Partners. “This acquisition increases XFD’s portfolio to more than $250 million of assets under management and more than 4,700 beds. The company has nearly doubled in size within the last year with a strong acquisition pipeline.”