Greensboro, N.C. — College Square serves North Carolina A&T State University.
Greensboro, N.C. — Campus Evolution Villages has acquired College Square, the firm's second property in Greensboro, N.C., serving students at North Carolina A&T State University. Campus Evolution Villages currently owns Campus Green, a 674-bed student housing property steps from NC A&T that was acquired in July 2013. College Square is across the street from Campus Evolution Villages' sister property, bringing their footprint in the market to 818 beds. The property was acquired through an online auction conducted by Auction.com. CEV will rebrand both properties Campus Evolution Villages this August and grant residents at the new property access to the amenities at Campus Green.
Over the past 14 months, the company has closed on 14 assets with a market value of more than $200 million, and the company now owns and manages 22 student housing assets with approximately 9,000 beds serving 20 universities across the country. Andrew Stark, CEO of Campus Evolution Villages says CEV's presence in the Greensboro market was the driving factor behind purchasing an asset in an online bidding environment. "It's a unique way to buy a property," he says. "It can get competitive, and you have to be prepared to close and complete your due diligence ahead of time. Already being located in the neighborhood gave us a strategic advantage."