Type and Size
The Redland is a Class A student housing complex consisting of 495 beds in Athens, GA. The property was acquired in 2015 through a joint venture and Calidus' interests sold in 2016.
Upon the acquisition of the Aqua Portfolio in Tallahassee, Calidus and Pebb Capital continued to grow the portfolio under the investment brand knows as Collegium Capital. An additional 2,146 beds were acquired across 4 states. The underperforming properties were rebranded, improved and subsequently sold at lower capitalization rates.