GrandMarc at the Corner, a strong complement to the existing multifamily developments in proximity to the University of Virginia campus, will help meet the high demand for upscale student housing.
Designed as an academic community where students live near the campus, the property provides an attractive investment opportunity that was available on an advantaged acquisition basis.

GrandMarc at the Corner is a planned student
housing complex located near the University of
Virginia (UV) campus in Charlottesville, Virginia.
This property was purchased on an advantaged
basis and complements our plans to expand in the multifamily sector. Behringer Harvard has provided approximately $6.1 million in mezzanine financing and has an agreement to acquire an equity stake in the property after completion of construction.

GrandMarc at the Corner will be designed in the
spirit of Thomas Jefferson’s Academical Village,
which is located on the UV campus. The property
will intertwine academic and residential areas
for students and faculty—a design that reflects
Jefferson’s belief that knowledge is enhanced by the interaction between scholars and students.
The GrandMarc at the Corner will feature 649 beds and totals approximately 232,000 square feet. The property will address the need for high-quality residential accommodations near the Central Grounds. Two large courtyards will enhance the natural beauty of the site, providing shaded and sunny areas, a garden, a grove of
trees, and a bubbling fountain.

Additional amenities of the property will include
a media room, a fitness facility, a student lounge,
electronic study halls, and a pool.

Property Highlights:

• Located near the University of Virginia campus
• Upscale student-friendly amenities will include electronic study halls, fitness facility, pool, and more
• Courtyards for recreation and studying