Arcapita Group Holdings, an alternative investment manager with offices in Bahrain, Atlanta, London and Singapore, has acquired Clemson Lofts, a student housing property at Clemson University in South Carolina. The acquisition represents the latest addition to Arcapita’s growing student housing portfolio following its acquisition of Quarry Trail, a student housing property at The University of Tennessee earlier last year. These acquisitions represent a combined transaction value of approximately $120 million and bring approximately 1,500 student housing beds under Arcapita’s ownership.
Clemson Lofts is a 640-bed student housing property located approximately one mile away from Clemson University, the second-largest university in South Carolina and one of the top 30 public universities in the United States. Reflecting its attractive location and affordable rents, the property maintained an average occupancy rate of 99 percent over the past five years and is currently 100 p
