Jul
17

Pointe West Apartments Sold for $34,062/Bed

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San Diego-based Pierce Education Properties L.P. has purchased Pointe West, a 480-bed, 144-unit community west of the University of South Carolina campus in Cayce.

The firm paid $16.35 million in its July 1 acquisition of the student housing community, which was built in 2003. Pierce buys, owns and manages collegiate residential properties. Memphis, Tenn.-based EDR was the seller in the transaction.

Pointe West features two- and four-bedroom units, modern appliances, leather furniture and private balconies, as well as a private washer and dryer in each unit. Property amenities include a pool, sundeck, hot tub, fitness center, Internet cafe with coffee bar, sand volleyball and basketball courts, on-site hiking trails linking to riverfront pathways and picnic style areas with grills.

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