Champion Grabs Two Former USC Fraternities for $17M
Champion Real Estate Company has invested in University of Southern California student housing projects, acquiring a pair of former fraternity houses for $17 million. The properties are located on USC’s Greek Row on 28th Street and Portland Street.
“With the rise in university enrollment, Champion is confident in the investment strength of student housing especially for assets at prime locations like those near USC,” said the firm’s Executive VP, Garrett Champion. “We will continue to make strategic student housing acquisitions at Tier 1 universities on the West Coast and throughout the U.S.”
The houses will be rebranded and renovated with oversized community lounges, roof decks, private study areas and security systems. They will be leased by the bed with utilities included and all bedrooms will be fully furnished and feature home theater electronics.
Total Realty Group’s Michael Fukushima and Stephen F. Watson represented both buyer and seller in the transaction.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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