Sale of Clemson University student housing portfolio closes

Centerlane Capital and Burkely Communities have sold the two-property, 382-bed, 146-unit value-add student housing portfolio at Clemson University in South Carolina, consisting of The Enclave in Town (photo above) and The Enclave on Old Central.

The financial terms were not disclosed; however, the seller was Centerlane Capital.

Built in 1998, The Enclave in Town and The Enclave on Old Central offer two- and three-bedroom units with stainless steel or white appliances, full-size washers and dryers, and plank vinyl flooring. Community amenities include a swimming pool, a 24-hour fitness center and an on-site dog park.

Situated at 423 Lindsay Rd. and 1146 Old Central Rd., the properties are conveniently located on the CAT Bus line. The communities are just a short drive from campus and less than a mile  from Highway 123, which runs east to west and gives students access to “Restaurant Row.” Additionally, downtown Clemson is about 1.4 miles from the