RREAF Holdings Purchases 240-Unit Student Housing in USC’s Greek Village
Dallas, TX-based RREAF Holdings, LLC has acquired Rivers Edge at Carolina Stadium, a student housing community located near the University of South Carolina in Columbia. The 1996-constructed property covers 240 units and 486 beds across 20.87 acres.
“Universities continue to see increased enrollment, so student housing is still in high demand,” said Graham Sowden, CIO at RREAF Holdings, LLC. “We have been looking to expand our student housing portfolio for quite some time, and we are pleased to add the historic Rivers Edge to our student portfolio.”
RREAF Construction Services will oversee a planned capital expenditure and renovations of interior units, building interiors and amenities. Amenity improvements will include dog runs, upgraded basketball, volleyball and pickleball courts, and additional walking path lighting.
Private real estate investment and development firm RREAF Holdings, LLC, along with its debt and equity partners, has a portfolio in excess of $5 billion in assets under management across 15 states.