HOMESTEAD U EXPANDS!
Homestead U acquires a new community, SkyGarden, a recently built, 309-bed mid-rise building located on the historic Charleston peninsula, serving students at College of Charleston, Medical University of South Carolina Charleston School of Law. The property offers residents unparalleled, luxury building amenities and benefits from its premier location between Meeting and King Streets along the booming Upper King Street corridor. SkyGarden is 100% pre-leased for the 2021/2022 academic year.
"Recent acquisition of these three properties reflects our confidence in student housing, and the collective team remains committed to further growth," commented Seamus Brennan, Director of Capital Markets for Homestead U. "Further, we are optimistic that our student residents' academic year experiences will soon look and feel more 'normal' than those of recent, mitigating consumer uncertainty. We expect to achieve strong performance in this sector over the long term," he concluded.
