CBRE BROKERS $18.5M SALE OF STUDENT HOUSING COMMUNITY IN CHARLESTON

by admin

CHARLESTON, S.C. — CBRE’s national student housing team has arranged the $18.5 million sale of 400 Meeting Street, a 41-unit student housing community in Charleston. CMB Properties LLC purchased the community from Davis Property Group. The 160-bed property was fully leased at the time of sale. The property was built in 2013 and features fully furnished units with hardwood-style flooring, black appliances and washer/dryers. Ryan Lang, Ryan Reid, Jaclyn Fitts and Phil Brosseau of CBRE brokered the sale. Greystar Student Living manages the community, which is within walking distance of The College of Charleston.

You may also like