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GMH, AEW Acquire Properties Serving Clemson and LSU
GMH Communities and AEW Capital Management have acquired two student housing communities: Dockside at Clemson University in Clemson, SC and Flatiron at Louisiana State University in Baton Rouge, LA. Terms were not disclosed. Both properties are located near their respective campuses.
With the addition of the Clemson and LSU communities, the AEW-GMH partnership will now own and operate more than 2,000 beds across four universities in Power 4 markets.
“For 40-plus years, GMH has been a leader and innovator in the student housing industry,” said Gary Holloway, Jr., CEO and president. “The acquisition of Dockside and Flatiron underscores GMH’s commitment to investing in high-quality, well-located assets within fundamentally strong markets.”
The 633-bed Dockside community will be rebranded as The Cove at Clemson, offering a lakefront setting with direct access to Lake Hartwell. In Baton Rouge, the 293-bed Flatiron community is recognized as one of the market’s few pedestrian-oriented housing options.
A JLL student housing team led by senior director Mike Brady, managing director Jake Wisness and associates Bill Maloney and Jake Davidson arranged financing. Teddy Leatherman of JLL arranged the acquisition from Fountain Residential.
- ◦Sale/Acquisition
- ◦Financing
