RREAF Holdings purchases Rivers Edge at Carolina Stadium

RREAF Holdings has brought Rivers Edge at Carolina Stadium as the latest addition to its student housing portfolio.

Located in Greek Village near the University of South Carolina, RREAF Construction Services (RCS) will oversee all capital expenditure plans and renovations. Financial details of the acquisition were not announced.

Built in 1996, the property consists of 240 units and 486 beds across 20.87 acres of land. RCS will focus its renovation efforts on three main categories: interior units, amenities and building exteriors.. With 40 percent of the units upgraded at Rivers Edge, RCS will demo the outdated flooring, kitchens, and lighting and replace them with new flooring, kitchen cabinets, appliances, plumbing fixtures, new efficiency lights, and a two-color paint pattern that matches unit products developed within the past two years. Upgrades to the amenities will include dog runs, upgraded basketball, volleyball, and pickleball courts, and additional walking pa