Holliday Fenoglio Fowler L.P. (HFF) announced financing for the development of Epoch Clemson, a 310-unit/994-bed student housing community serving Clemson University in Clemson, S.C.
The HFF team worked on behalf of the vertically integrated specialty housing company Valeo Groupe US (“Valeo”) and equity partner, Harrison Street Real Estate Capital LLC (“Harrison Street”), to place the floating-rate construction loan with Citizens Bank.
Due for completion in summer 2019, Epoch Clemson will be situated along the shoreline of Lake Hartwell just off U.S. Highway 123/Clemson Boulevard near the Clemson University campus. The property will consist of 15 buildings with a variety of cottage, townhome, brownstone and apartment units featuring modern architecture and superior finishes.
With more than 3,600 ft. of Lake Hartwell frontage, the community will incorporate a mix of waterfront amenities, including a private beach, boat docks, lakeside pedestrian paths and select units offering exceptional lake views. In addition, the 58-acre site provides for a Village Green / Great Lawn common area, resort-style pool and clubhouse, volleyball court, 24-hour fitness center, computer center and landscaped courtyards.
The HFF debt placement team representing Valeo and Harrison Street included senior managing director Ed Coco, associate Matt Casey and analyst Libby Malloy.
“Combining the experience and vision of the Valeo team with Epoch's one-of-a-kind resident experience will set a new standard for student living at Clemson's campus,” Coco said. “Valeo's Ted W. Rollins and his team did an amazing job securing the site and necessary approvals to develop this project, which will add tremendous value to the Clemson community.”
About Valeo Groupe US
Valeo Groupe US is a subsidiary of Valeo Partners, which manages and holds interests, both international and domestic, in senior and student niche housing markets through its ownership in Valeo Groupe US, based in Charlotte, N.C., Valeo Groupe UK, based in Jersey, Channel Islands, Valeo Management Limited, based in London, UK, and Valeo Groupe Nordics, based in Stockholm, Sweden and Copenhagen, Denmark.
The rapid growth and success of Valeo Partners can be attributed to one founding idea: To build better, live better and do better. These principles, along with a legacy of “vertically integrated delivery” and “purpose-built” innovation, have set Valeo's foundation for investment and development strategies, community and environmental initiatives, as well as its commitment to each other.
Today, built on a trail already blazed, this team of seasoned pioneers – boasting an excess of 150 years in real estate banking, investing, development, construction and management across three continents — is changing the landscape of niche housing again, making people and stakeholders happy around the world.
About Harrison Street Real Estate Capital LLC
Harrison Street Real Estate Capital LLC is one of the leading real estate investment management firms exclusively focused on the education, healthcare and storage sectors. The firm has created a series of differentiated investment strategies across multiple risk/return platforms. Headquartered in Chicago, the firm employs a 115-person team with approximately $12.6 billion in assets under management.
For information, visit https://www.harrisonst.com/.
About HFF
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF Inc.
For more information, visit hfflp.com or follow HFF on Twitter @HFF.
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