Columbus Nova MB Acquires Campus View Apartments
Columbus Nova MB is excited to announce its acquisition of Clemson University’s premier off-campus housing community, Campus View Apartments. This 355 bed, Class-A, purpose-built luxury student housing community is located in the heart of Clemson’s commercial district, only a minute from campus. Built in 2014, this property features a full suite of the modern amenities sought by discerning students and their safety and security-minded parents. This investment is the first in Columbus Nova MB’s new 2014 vintage fund, CN Real Estate Fund II, LP, which is targeting income-oriented real estate.
Brant Murdock, Principal at Columbus Nova MB commented: “In concert with our operating partners at Coastal Ridge Management, we are thrilled to become the stewards of this cornerstone asset at such a rich institution as Clemson University. Campus View meets all critical aspects of our student housing strategy – an unparalleled ‘corner of Main and Main’ location adjacent to a major university, and a newly constructed, purpose-built design with a robust list of amenities. We look forward to further cementing Campus View’s position as the premier off-campus housing community in Clemson, and to ensuring that the property continues to reflect positively upon its residential, retail and university neighbors.”
Andrew Lallathin, Managing Partner at Coastal Ridge Real Estate Partners, commented: “We are extremely excited for the opportunity to collaborate with Columbus Nova on this marquee asset, and are eager to take Campus View to new heights for its loyal residents and the greater Clemson community. By filling out the balance of the street level retail space with high quality tenants, we will drive additional foot traffic and dollars to the vibrant commercial district, and ensure that Campus View remains the number one location for Clemson students seeking off-campus housing.”
Please visit http://www.columbusnovamb.com/ for more information about Columbus Nova MB and to access our informational library. Columbus Nova MB has offices in Charlotte, NC and New York, NY. For information about this transaction, please contact Amos Beason +1 (704) 285-7750 or Lon Brown at +1 (704) 285-7756.
Columbus Nova MB LLC, with offices in Charlotte, New York, manages portfolios of real estate assets for a variety of investors in a separate account program. CNMB’s Advisory Group serves middle market businesses by providing buy and sell-side, capital formation and restructuring services on a fee basis. CNMB also manages the Baikal Program, which makes investments in growing businesses and in private equity funds.