A partnership between Philadelphia-based student housing operator Campus Apartments and Clarion Partners is selling a portfolio of five student housing campuses valued at an estimated $550M.
The portfolio encompasses 2,643 beds across 811 units in Ann Arbor, MI; Clemson, SC; Knoxville, TN and Tallahassee, FL, according to a report in greenstreet. The units average 1,150 SF and are 99% occupied.
CBRE, which is marketing the portfolio, says the owners will accept bids on the properties individually or in combination, but would prefer to sell the package to a single buyer. Amenities in the portfolio include fitness centers, pools, rooftop terraces and business centers.
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