Type and Size
The Farm is a Class A student housing complex consisting of 105 beds in Clemson, SC. The property was acquired in 2017 by Calidus and is managed by Clemson Living. Built into the hill of Calhoun, The Farm is inspired by the cabin and barn that once occupied the land. By incorporating Clemson’s heritage into the character of the community and each individual home, The Farm offers a truly unique student living experience. The Farm is located less than a mile from Clemson University and Downtown.
The Farm is a very attractive property with cottage design product 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.