Greystar

Blacksburg, Va. — Eyzenberg & Co. has structured a ground-lease on behalf of Sturbridge Square LLC and procured Greystar to redevelop an 11.5-acre site near Virginia Tech University. The property — located at 1001 University City Blvd. one mile north of campus — is currently occupied by Sturbridge Square Apartments and will be redeveloped into a 424-unit student housing community. Greystar expects to break ground on the development this summer, with completion scheduled for fall 2022. Sturbridge Square Apartments currently comprises 11 buildings. The new community will feature six buildings …

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Charleston, S.C. — Christine Richards will step down from her position as executive director of real estate operations at Greystar on April 10. Richards began her career in multifamily more than 30 years ago at Gables Residential Trust, where she worked as a temporary leasing professional. In 2001, Richards went to work for Allen & O’Hara — which later became EdR — as regional director and served in a variety of roles with increasing responsibility over 17 years to eventually become executive vice president and chief operations officer. EdR was …

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Charleston, S.C. — Greystar has hired Moreo Rivera as director of development for university partnerships. In his new role, Rivera will work with the Charleston-based firm’s university partnerships team to expand Greystar’s on-campus development platform in the western region of the U.S., with a focus on Southern California. Rivera previously worked for Trinitas Ventures, where he served as director of campus partnerships. “As we continue to expand our on-campus housing platform across the western region, it’s critical for us to build the right team to advance our strategic priorities and …

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Columbia, S.C. — A public-private partnership between Greystar and the University of South Carolina is set to break ground on Campus Village. The multiphase redevelopment will be located on the current site of Cliff Apartments at the northeast corner of Sumter and Whaley Streets in Columbia. The partnership will begin construction on the $210 million first phase of development in February 2020 with completion scheduled for fall 2022. When complete, the living-learning community will feature 1,800 beds, an academic support space, a dining hall, campus safety office, sundry store and …

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Chicago — Greystar has acquired 30 East, a 388-bed student housing community located in Chicago’s South Loop neighborhood. Columbia College Chicago holds a 10-year, 340-bed master lease at the community. The remaining 48 beds are open to students at any of the more than 20 colleges and universities located within two miles of the property. The 17-story community offers studio, one-, two-, three- and four-bedroom units. Shared amenities include a third-floor terrace and dog park, state-of-the-art fitness center and a sky lounge. Terms of the acquisition and the seller were …

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Starkville, Miss. — A public-private partnership between Mississippi State University (MSU) and Greystar has opened College View, 650-bed residential development on the university’s campus in Starkville. The mixed-use property features 46,000 square feet of retail space and a 7,000-square-foot addition to the MSU Child Development and Family Studies Center. Greystar financed, built and will manage the community utilizing a 40-year lease of university land with a 10-year renewal option.

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Bethlehem, Pa. — A public-private partnership between Lehigh University and Greystar has opened SouthSide Commons, a 426-bed residence hall located on the university’s campus in Bethlehem. The community offers studio, two-, three- and four-bedroom, fully furnished units. “SouthSide Commons is an important addition to the campus, enhancing the options available to students to have an enriching residential experience throughout their time at Lehigh,” says John Simon, president of Lehigh University. “With its proximity to the SouthSide business district this new modern facility will also continue to strengthen ties between the …

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Sacramento, Calif. — A public-private partnership between University Enterprises Inc. — California State University, Sacramento’s (CSUS) commercial services auxiliary — and Greystar has broken ground on Hornet Commons, a 365,000-square-foot residence complex. The 1,100-bed development will feature six, four-story buildings. Shared amenities will include a swimming pool, café, fitness center and a community room. The development team includes Sundt Construction Inc. and architectural firm Steinberg Hart. The project is set for delivery in fall 2021.

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Charleston, S.C. — Greystar Real Estate Partners has promoted Jared Everett to managing director of the company’s university partnerships in the West. Everett joined EdR in 2016 as a vice president of university partnerships and continued that role with Greystar when the two companies merged in 2018. Prior to joining EdR, Everett spent 20 years in higher education, including 14 years at Boise State University where he held various leadership roles including treasurer and executive director of real estate and business development. “Jared’s experience in university finance and real estate …

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San Francisco — The University of California Hastings College of the Law (UC Hastings) has selected Greystar Real Estate Partners LLC as the master developer of its planned on-campus academic village in downtown San Francisco. Charleston, S.C.-based Greystar plans to build the $450 million project in two phases. “We are excited to be moving forward with Greystar to further develop this vibrant academic village in the heart of San Francisco,” says David Faigman, chancellor and dean at UC Hastings. The law school is situated in downtown San Francisco near the …

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