CHARLESTON, SC – Armada Hoffler Properties Inc. has sold a student housing property in Charleston, SC. The transaction completes the REIT's strategic exit from the student housing space.
The 357-bed property, Summit Place, was completed by Armada Hoffler Properties in Q3 2020. The five-story building is located at the corner Spring St. and Lee St. and is situated one mile from the College of Charleston.
The disposition represents the final sale within the sector for Armada Hoffler Properties. The firm additionally recently sold the student housing asset, Hoffler Place, also in Charleston, SC.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
