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The Current at Coastal student housing in Conway, SC

CushWake Arranges Sale of Coastal Carolina Univ Student Housing Community

Cushman & Wakefield has arranged the sale of The Current at Coastal, an off-campus student housing community situated directly adjacent to Coastal Carolina University in Conway, SC

Travis Prince, Shawn Lubic, Victoria Marks and Tai Cohen of Cushman & Wakefield arranged the sale on behalf of special servicer LNR Partners. The property was acquired by Walk2Campus Properties.

“The Current is a prime acquisition target for student housing buyers,” said Prince. “The property has been well maintained and is an outstanding opportunity to acquire a quality asset at an extremely attractive basis below replacement costs in a market with no forward development pipeline.”

The Current at Coastal was 83% leased at sale. It features 128 units and was recently renovated to include new unit furniture, repainted units, upgraded appliances and HVAC units and refreshed clubhouse. Amenities include a 24-hour fitness center, study lounge, resident events, and access to CCU’s northwest campus.


Inside The Story

Cushman & Wakefield’s Prince

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition