Columbus Pacific Acquires 528-Bed Community Near the University of Virginia

Planned renovations for The Pavilion at North Grounds include new pool furniture and a refreshed pool area. Planned renovations for The Pavilion at North Grounds include new pool furniture and a refreshed pool area.

Charlottesville, Va. — Columbus Pacific has acquired The Pavilion at North Grounds, a 528-bed student housing community located near the University of Virginia campus in Charlottesville.

The acquisition was financed with a $58.1 million, 10-year, fixed-rate loan arranged by Brian Eisendrath and Cameron Chalfant of CBRE. Planned renovations for the community include new pool furniture; refreshments to the pool area; the addition of an outdoor dog park; and enhancements to the front lobby, to include a more functional and modern cyber café. Homestead U, an affiliate of Columbus Pacific, will manage the property. 

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