CAMPUS ADVANTAGE AND TRAMVIEW CAPITAL MANAGEMENT ANNOUNCE JOINT ACQUISITION OF COLUMBIA, SC, STUDENT HOUSING PROPERTY
COLUMBIA, SOUTH CAROLINA (November 12, 2024) — Campus Advantage®, an industry leader in student housing property management, consulting, and investment management, and Tramview Capital Management (Tramview), a value-oriented real estate investment firm, today announced the recent acquisition of Alight Columbia — a student housing property located near the University of South Carolina in Columbia, South Carolina.
As the second joint venture project between Campus Advantage and Tramview, the partnership announces the acquisition in conjunction with a full rebrand of Alight Columbia to The Radley. The asset is a 206-unit, 700-bed property with a mix of two-bedroom/two-bath and four-bedroom/two-bath apartment homes. The pet-friendly community features a strong amenity set with a fitness and weight training center, a pool area and an outdoor grilling station, tennis courts, a basketball court, a sand volleyball court, and a resident clubhouse with a business center.
The Radley is located just under one mile from the campus core, and residents are offered several options to commute, including a dedicated resident shuttle service.
“We are thrilled to be partnering with Tramview for another acquisition endeavor,” said Mike Peter, President and CEO of Campus Advantage. “We’ve enjoyed prior success in the Columbia market and are thrilled to bring Campus Advantage’s expertise in leasing, operations, and marketing to another exceptional community.”
“This asset has tremendous potential when we put all our teams’ talents to work on it,” said Scott Barton, Chief Investment Officer of Campus Advantage. “It is tailor-made for our full-service approach as we rebrand and reposition this asset to be all it can be.”
“We are excited to embark on another venture with Campus Advantage, who is well positioned to execute the value-add business plan and drive enhanced performance at The Radley,” said Robert Davies, Managing Partner of Tramview. “This acquisition aligns with our strategy to acquire quality properties in strong growth markets at an attractive cost basis with numerous levers to grow income during the investment hold.”
ABOUT CAMPUS ADVANTAGE
Campus Advantage® is a real estate investment management firm fostering financially prosperous, higher education student housing communities through its acquisition, property management, revenue management, marketing, and consulting services. Since its founding in 2003, Campus Advantage has been creating successful communities that provide rewarding living, learning, and career experiences, and as a result has become one of the fastest growing private student housing companies in the nation. The company’s asset acquisition and management strategies combined with its dedication to residence life and student development have made Campus Advantage one of the largest student housing and property management companies in the United States. We believe the Future Lives Here. Learn more at www.campusadv.com.
ABOUT TRAMVIEW CAPITAL MANAGEMENT:
Tramview Capital Management is a value-oriented real estate investment management firm focused on investing in institutional-quality real estate in targeted growth markets across the U.S. Tramview was formed in 2020 and is currently investing its third comingled fund. Tramview leadership has overseen and managed approximately $5 billion of equity invested globally across all property types and throughout the capital stack on behalf of institutional clients (e.g., pension funds, sovereign wealth funds, endowments, foundations), wealth management firms, and high-net-worth individuals. For more information, please visit www.tramview.com.
Media Contact for Campus Advantage
Christy McFerren | President, Catalyst
[email protected]