M&A Deal Summary

Core Spaces Acquires Clemson Lofts

On September 13, 2023, Core Spaces acquired real estate company Clemson Lofts from Arcapita

Acquisition Highlights
  • This is Core Spaces’ 1st transaction in the Real Estate sector.
  • This is Core Spaces’ 1st transaction in the United States.
  • This is Core Spaces’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2023-09-13
Target Clemson Lofts
Sector Real Estate
Buyer(s) Core Spaces
Sellers(s) Arcapita
Deal Type Add-on Acquisition

Target

Clemson Lofts

Clemson, South Carolina, United States
Clemson Lofts is a 640-bed student housing property located approximately one mile away from Clemson University, the second-largest university in South Carolina and one of the top 30 public universities in the United States. Clemson Lofts is based in Clemson, South Carolina.

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Buyer(S) 1

Buyer

Core Spaces

Chicago, Illinois, United States

Category Company
Founded 2010
Sector Real Estate
DESCRIPTION

Core Spaces provides dynamic acquisition, development and in-house management services for urban residential, hospitality, student housing and build to rent single family housing communities. Core Spaces was founded in 2010 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Arcapita

Manama, Bahrain

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcapita is a private investment firm with separate investment disciplines spanning venture capital, corporate investment, real estate, and asset-based investments. Arcapita's Corporate Investment practice looks to acquire controlling interests in established companies valued between $50 million and $500 million. Sectors of interest include consumer products/services, healthcare, energy, technology, and manufacturing. Arcapita's infrastructure team looks to invest $50 to $300 million in energy, water, and transportation assets. The Firm will consider opportunities around the globe; including the United States, Latin America, Russia, China, Europe, Middle-East, and India. Arcapita was formed 1997 and has offices in Manama, Bahrain; Atlanta, Georgia; London; and Singapore.


DEAL STATS #
Overall 33 of 33
Sector (Real Estate) 2 of 2
Type (Add-on Acquisition) 16 of 16
State (South Carolina) 1 of 1
Country (United States) 23 of 23
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-04 Dataflow Group

Dubai, United Arab Emirates

Dataflow Group helps clients to conduct primary source verification (PSV) on credentials of highly skilled professionals, for example, doctors, nurses, or engineers, as part of mandatory immigration and credentialing programs, and processes hundreds of thousands of immigration compliance screening and verification service transactions for professionals each year on behalf of the government, quasigovernment, regulatory and large multinational organizations worldwide. Dataflow Group was founded in 2006 and is based in Dubai, United Arab Emirates.

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