Tramview Capital Management and Campus Advantage Acquire South Carolina Student Housing Property

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Alight Columbia

BEACHWOOD, OHIO (November 27, 2024) – Tramview Capital Management (“Tramview”), a value-oriented real estate investment firm, and Campus Advantage®, an industry leader in student housing property management, consulting, and investment management, recently completed the acquisition of Alight Columbia — a student housing property located near the University of South Carolina in Columbia, South Carolina.

As the second joint venture project between Campus Advantage and Tramview, the partnership announces the acquisition in conjunction with a full rebrand to The Radley (formerly known as Alight Columbia). The asset is a 206-unit, 700-bed property with a mix of two-bedroom/two-bath and four-bedroom/two-bath apartment homes. The pet-friendly community features a strong amenity set with a fitness and weight training center, a pool area and an outdoor grilling station, tennis courts, a basketball court, a sand volleyball court, and a resident clubhouse with a business center.

The Radley is located within a mile from the campus core, and residents are offered several options to commute, including a dedicated resident shuttle service.

“We are thrilled to be partnering with Tramview for another acquisition endeavor,” said Mike Peter, President and CEO of Campus Advantage. “We’ve enjoyed prior success in the Columbia market and are thrilled to bring Campus Advantage’s expertise in leasing, operations, and marketing to another exceptional community.”

“This asset has tremendous potential when we put all our teams’ talents to work on it,” said Scott Barton, Chief Investment Officer of Campus Advantage. “It is tailor-made for our full-service approach as we rebrand and reposition this asset to be all it can be.”

“We are excited to embark on another venture with Campus Advantage, who is well positioned to execute the value-add business plan and drive enhanced performance at The Radley,” said Robert Davies, Managing Partner of Tramview. “This acquisition aligns with our strategy to acquire quality properties in strong growth markets at an attractive cost basis with numerous levers to grow income during the investment hold.”

ABOUT TRAMVIEW CAPITAL MANAGEMENT:
Tramview Capital Management is a value-oriented real estate investment management firm focused on investing in institutional quality real estate in targeted growth markets across the U.S. Tramview leadership has overseen and managed approximately $5 billion of equity invested globally across property types and throughout the capital stack on behalf of institutional clients (e.g. pension funds, sovereign wealth funds, endowments, foundations), wealth management firms, and high net worth individuals. For more information, please visit tramview.com.

ABOUT CAMPUS ADVANTAGE:
Campus Advantage® is a real estate investment management firm fostering financially prosperous, higher education student housing communities through its acquisition, property management, revenue management, marketing, and consulting services. Since its founding in 2003, Campus Advantage has been creating successful communities that provide rewarding living, learning, and career experiences, and as a result has become one of the fastest growing private student housing companies in the nation. The company’s asset acquisition and management strategies combined with its dedication to residence life and student development have made Campus Advantage one of the largest student housing and property management companies in the United States. We believe the Future Lives Here. Learn more at www.campusadv.com.

Karim Jiwani

Controller / Director of Operations

Karim Jiwani joined Tramview Capital Management in 2023 and is the Controller and Director of Operations, with responsibilities including financial and risk management, reporting, operations, and tax. Previously, he was at Carta, where he was an Assistant Fund Controller, with a focus on financial reporting and compliance, with managerial and client responsibilities for over 60 funds. Prior to joining Carta, Mr. Jiwani worked at Rock Ventures, where he was the Fund Controller with responsibility for the financial accuracy and reporting of over 40 funds. Mr. Jiwani started his career at KPMG, where he was a Senior Audit Associate, specializing in auditing private equity and venture funds ranging from approximately $50 million to $1+ billion in AUM. Mr. Jiwani received a Master of Accounting degree from the University of North Carolina (Kenan-Flagler Business School) and a Bachelor of Architecture degree from Southern Polytechnic State University. Mr. Jiwani is also a Certified Public Accountant.

Charles Myerson

Partner

Charles Myerson is a Partner at Tramview Capital Management, where he is responsible for sourcing, evaluating, structuring, and managing investments. Previously, he was a Senior Director at Tishman Speyer, where he focused on acquisitions for the greater NYC market and led the firm’s expansion into Pittsburgh. He also held responsibilities for asset management, development, and debt and equity capital markets. Prior to joining Tishman Speyer, Mr. Myerson worked for Silverpeak Real Estate Partners in Atlanta and London, focusing on the asset management, restructuring, and disposition of residential, hospitality, and office investments, in addition to portfolio level responsibilities. Mr. Myerson received an MBA from Columbia Business School, a BBA in Real Estate from the University of Georgia, from which he graduated Summa Cum Laude, and he is a CFA Charterholder.

Nicole Smeader

Sr. Vice President, Investor Relations

Nicole Smeader is a Senior Vice President at Tramview Capital Management with responsibility for developing and maintaining investor relationships. Previously, she was an Associate Partner at The Townsend Group, where she held multiple roles focusing on the firm's marketing and business development efforts, overseeing broker-dealer compliance, and relationship management for the firm's commingled fund clients. Prior to joining Townsend, Ms. Smeader was an Associate in the Investment Property Group at CBRE. Ms. Smeader received a JD from Case Western Reserve University School of Law, an MBA from The Weatherhead School of Management at Case Western Reserve University, and a BS from John Carroll University.

Josh Comiter

Vice President

Josh Comiter is a Vice President at Tramview Capital Management, which he joined in 2021. Josh focuses primarily on the evaluation, underwriting, and due diligence of new acquisitions, as well as the asset management of existing investments. Previously, he was a Senior Analyst at Starwood Property Trust (“Starwood”), where he focused on CMBS B-Piece Acquisitions as a member of the investment management team. Josh simultaneously worked out distressed debt within Starwood’s Special Servicer, LNR. Mr. Comiter was also a Rotational Analyst at Starwood Property Trust. Mr. Comiter received both an MSRE in Commercial Real Estate and a BABA in Urban Planning and Real Estate from the University of Florida.

Beau VandeWalle

Vice President

Beau VandeWalle joined Tramview Capital Management in 2021, where he serves as a Vice President, focusing primarily on the evaluation, underwriting, and due diligence of new acquisitions, as well as the asset management of existing investments. Previously, he was a member of the investment team at WHI Real Estate Partners, where he focused on opportunistic investments, spearheading asset management and investment management activities. Prior to joining WHI Real Estate Partners, Mr. VandeWalle was a Rotational Analyst at Starwood Property Trust. Mr. VandeWalle received a BBA in Finance and Real Estate from the University of Wisconsin-Madison.

Robert Davies

Managing Partner, Founder

Rob Davies is the Managing Partner of Tramview Capital Management, overseeing the firm’s investment activities, portfolio management, and overall strategy and operations. Previously, he was a Partner at The Townsend Group, where he was Head of the Special Situations Group, with responsibility for Townsend’s global direct real estate investment activities. In addition, Mr. Davies was a Portfolio Manager for several discretionary investment funds, totaling approximately $1.8 billion in equity commitments. Prior to joining The Townsend Group in 2011, Mr. Davies was a Vice President at ING Clarion Partners, where he focused on real estate investments in the Western U.S. Prior to, he worked for Discovery Land Company, where he focused on acquisition, project management, and finance activities. He also spent three years as an investment banker for ING Barings Furman Selz. He was a Director of SonomaWest Holdings from 2006 until the company was taken private in 2011. Mr. Davies received an AB degree in Economics from Duke University and an MBA from the Stanford Graduate School of Business.