Patriot Place is a 168-unit community located in Florence, South Carolina. The property is across the street from Francis Marion University and provides the only off-campus housing option within a walkable distance from the campus of 4,100 students. Built in 1973, property features include swimming pool and sundeck, fitness center, volleyball court, business center and clubhouse, outdoor summer kitchen with grills, laundry facility, community wide Wi-Fi, and ample parking.
Francis Marion University is one of thirteen public universities in South Carolina with an enrollment of 4,100. The 400-acre campus includes over $45M of recent investment in the Center for Performing Arts and new athletic fields and athletic center. Upon acquisition, enhancements to both the common areas and some unit interiors will be completed and the property will be held in portfolio for long term cash flow and appreciation.