The North Carolina A&T Real Estate Foundation Closes on Two Student Housing Properties to Expand Off-Campus Housing Options for 2023
EAST GREENSBORO, N.C. – October 3, 2022 – The North Carolina A&T Real Estate Foundation (The Foundation) is proud to announce that it recently closed on University Landing Apartments and University Park Apartments, both of which are less than a half-mile from the main University campus. The acquisitions, which are owned by the Aggie Apartment Life Holding Corporation, LLC, will add a total of 350 beds to the Foundation’s portfolio and an additional $25 million in real estate assets for a total of more than $235 million.
The Foundation owns the off-campus Aggie Apartment Life student apartments and other real estate-related projects as part of its mission to support the University’s academic community, and the two properties will become part of the Aggie Apartment Life program and be available for lease in the fall of 2023.
“These two added properties will allow us to meet the growing demand for housing as the University continues to grow and accept top students,” said Kimberly Cameron, executive director – The NC A&T Real Estate Foundation.
Currently, there are five Aggie Apartment Life communities, including Sebastian Villages, Preeminent Pointe, Collegiate Commons, Campus Edge and Aggie Pointe and they allow the University to provide housing for over 50% of its students, which is significantly higher than the national average of 35%.
Please contact Kimberly Cameron for further details.
About North Carolina A&T Real Estate Foundation
Chartered March 9, 1946, the North Carolina A&T University Foundation, Inc. was repurposed to the North Carolina A&T Real Estate Foundation. In 2015, the Foundation engaged in a strategic planning process, which resulted in a decision to rename the Foundation and narrow its mission. The North Carolina A&T Real Estate Foundation’s primary purpose is to acquire, own, transfer, sell, develop, build and manage real estate or real estate-related projects in support of the University. For more information, please visit the website, or follow the North Carolina A&T Real Estate Foundation on Facebook, Twitter, Instagram, TikTok or LinkedIn.
communications 21, on behalf of N.C. A&T Real Estate Foundation, Inc.