Amplify Development Company, a real estate development and investment management company based in California, has purchased the Tiger House, a Greek housing property at Clemson University, for an undisclosed sum, the business announced March 14.
The property at 173 Old Greenville Highway along the northern edge of the university’s campus is situated on a nearly 24,000-square-foot lot. The three-story Tiger House features:
- 15 private surface parking spaces
- Multiple kitchen, dining and common areas
- 10 units that can accommodate 20-30 beds
Amplify plans to complete cosmetic and interior renovations to the property and has secured a multi-year master lease with an unnamed established national Greek organization and housing corporation that is in good standing with the university.
“The Clemson market has demonstrated significant growth over the past 10 years, and we’re thrilled to expand our Greek Housing Investment Platform with an ideally located property at such a prestigious university,” said Alec Paddock, managing director and co-founder of Amplify Development Company. “Properties of this size and desirable location rarely become available, making it one of the most sought-after rental properties in the area.”
Amplify has Greek housing sector assets under management at Penn State University and Colorado State University. For more information, visit amplifydevco.com.