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Pierce Education Properties Acquires Student-Housing Portfolio at Clemson University
Pierce Education Properties has acquired a two-property, 382-bed / 146-unit, value-add student-housing portfolio at Clemson University in Clemson, SC.
Teddy Leatherman, Scott Clifton and Stewart Hayes of JLL represented sellers Charlotte, NC-based Centerlane Capital, LLC, and Greensboro-, NC-based Burkely Communities, LLC, in their release of The Enclave in Town and The Enclave on Old Central.
The 1998-constructed properties offer two- and three-bedroom units plus swimming pool, 24-hour fitness center and on-site dog park.
The Enclave in Town and The Enclave on Old Central are situated at 423 Lindsay Road and 1146 Old Central Road, respectively, both along the CAT Bus line. The communities are just a short drive from campus and approximately 0.8 miles from Highway 123, which runs east to west and gives students access to “Restaurant Row.” Additionally, Downtown Clemson is about 1.4 miles from the portfolio and is home to several of the college’s popular restaurants and nightlife.
- ◦Sale/Acquisition