COLUMBIA, S.C. – CapitaLand Ascott Trust (CLAS) has finalized the acquisition of the Standard at Columbia, a prominent student housing community located near the University of South Carolina campus in Columbia. This strategic move marks the culmination of a phased acquisition process that spanned over the past three years.
In June 2021, CLAS entered into a partnership with The Ascott Limited to jointly acquire a 90 percent stake in the development. Subsequently, in November 2022, CLAS acquired Ascott’s 45 percent stake in the property. The final phase of the acquisition involved gaining full ownership by acquiring the remaining 10 percent stake, solidifying CLAS’s ownership of the 678-bed student housing community.
The Standard at Columbia, which was completed in August 2023, offers a range of unit types from studios to five-bedroom apartments. The community boasts a variety of shared amenities, including a fitness center, academic lounge, private study rooms, computer lab, rooftop swimming pool, jumbotron, fire pit, grilling station, bike storage, multi-sport simulator, and a resident clubroom.
Situated near the University of South Carolina campus, the Standard at Columbia provides convenient access for students seeking modern and well-equipped housing options within close proximity to their educational institution. The property’s attractive amenities and strategic location make it a sought-after choice for student accommodation.
The acquisition of the Standard at Columbia aligns with CLAS’s investment strategy to expand its presence in key markets and enhance its portfolio with high-quality assets. By focusing on student housing communities near major universities, CLAS aims to tap into the growing demand for modern and amenity-rich student accommodation options.
Overall, the completion of the acquisition underscores CLAS’s commitment to strategic growth and investment in the student housing sector.
High School Football Playoff Highlights from Houston Houston witnessed an exciting Thursday night packed with…
Arlington High Schools Prepare for a Quiet Sports Week As the Thanksgiving holiday approaches, Arlington…
St. Paul - High school basketball action across Minnesota saw some exciting games this week,…
Heads Up, South Carolina! Freeze Warning Alert for Several Counties! Good morning to our wonderful…
Columbia Brings Back a Heartwarming Tradition Before Thanksgiving In the charming city of Columbia, S.C.,…
San Francisco - The ongoing debate about the inclusion of transgender athletes in competitive sports…