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CRG Unloads USC Housing Property
CRG along with partner Landmark Properties completed the sale of The Standard at Columbia, a new 17-story, 678-bed student housing tower at 1401 Assembly St. in Columbia, S.C. The buyer is CapitaLand, a Singapore-based investment firm.
The Standard at Columbia, which opened last summer, was 91.3% occupied for the 2023-24 academic year and is 98.1% pre-leased for the upcoming year. It is located on an urban-infill site in the Arsenal Hill neighborhood, near the University of South Carolina campus.
The Standard at Columbia features 678 beds across 247 fully furnished studio to five-bedroom units. A generous amenity package includes a resort-style rooftop pool with sun shelves, jumbotron, fire pit and outdoor grilling stations; complimentary tanning beds; fitness center; multi-sport simulator; academic lounge with private study rooms and computer lab; resident clubroom; bike storage; and garage parking with EV charging stations.
CRG parent company Clayco served as general contractor on the development, while Clayco subsidiary Lamar Johnson Collaborative was the architect.
- ◦Sale/Acquisition
