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The Estate

The Estate


Clemson, SC

Type and Size

Property Summary

The Estate is a Class A student housing complex consisting of 88 beds in Clemson, SC. The property was acquired in 2017 by Calidus and is managed by Clemson Living. The Estate in Clemson features high-end, cottage-style, student housing living less than one mile from Clemson’s downtown and campus. Each home comes standard with the very latest in upscale features and the community boasts resort style amenities for residents to enjoy. Life at The Estate offers the exclusivity of a private neighborhood with the conveniences you expect staying close to class, shopping & restaurants.

Student Housing
84 beds

Investment Narrative

The Estate, Boundary and 109 are very attractive properties with cottage design product, a pool and a gym (at the Estate), and well received by residents. At acquisition, the portfolio was running at 100% occupancy, giving us indication of the demand for this type of product. New development of comparable properties was historically limited by land availability and very limited city sewer capacity providing a strong barrier to entry. Calidus saw the opportunity as a good, stable investment in an excellent growth market (5% annual increase in the student body). Our plan to grow cash flow and maximize value was a great success over 5 years.

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