Rockpoint and Realco Capital Partners (RCP) has acquired Summit Place, a class A, midrise student housing community in Charleston, N.C.
Terms of the transaction were not disclosed.
Summit Place is a modern, purpose-built housing complex neighboring the College of Charleston campus in the Upper King Street community, offering students full-service, amenitized living. The property comprises 118 units and 357 beds, along with highly desirable amenities including a fitness center, pool and dedicated spaces for student residents to study and unwind.
Originally developed in 2020, all units are fully furnished with modern interior designs and appliances, including in-unit washers and dryers. The property is conveniently located within walking distance of both the college and downtown Charleston, providing residents with direct access to restaurants, hotels and shopping destinations.
“Summit Place provides a best-in-class housing option for students in Charlest
