ARA Newmark Arranges Sale of Three Student Housing Communities in the Carolinas

The Gallery is located near Clemson University in South Carolina. (Image courtesy of galleryatclemson.com) The Gallery is located near Clemson University in South Carolina. (Image courtesy of galleryatclemson.com)

Clemson, S.C. and Greensboro, N.C. — ARA, A Newmark Company has arranged the sale of three student housing communities located in South Carolina and North Carolina.

Dispositions include The Gallery and The Enclave, a two-property portfolio consisting of 382 beds near Clemson University in South Carolina; and Sterling Park, a 216-bed community located near the University of North Carolina-Greensboro. An undisclosed buyer based in the Carolinas acquired the communities. Texas-based GVA Pro LLC sold the two-property portfolio located in Clemson. MSD Capital sold the asset located in Greensboro. Ryan Lang of ARA Newmark represented the sellers in both transactions. 

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