Closed Student Housing Acquisition
The Station Raleigh
Raleigh, NC
658-bed student housing community located adjacent to North Carolina State University in Raleigh, North Carolina. The Station Raleigh offers fully furnished apartments with private bedrooms and bathrooms alongside an amenity package that includes a resort-style pool, academic lounge with private study rooms, a regulation-size basketball court, clubhouse, and expansive greenspace. Managed by Landmark Properties, the community has been a consistently steady performer in the NC State off-campus market.
- Investment
- Equity
- Location
- Raleigh, NC
- Asset class
- Student Housing
- HC2 participation
- $11,010,000
- Units/Beds
- 658 beds
The Opportunity
Why we invested
Acquired in partnership with Landmark Properties, the thesis paired a large, well-amenitized community serving a flagship Tier 1 state university with best-in-class third-party management and attractive long-term fixed-rate agency financing. NC State's strong enrollment fundamentals and the property's location next to campus have supported stable occupancy and consistent cash flow through the hold.
Our portfolio showcases our ability to uncover unique opportunities, navigate complex transactions, and deliver strong, risk-adjusted returns for our partners.
Execution
Our role in the deal
Sourcing
We identify high-quality assets in supply-constrained markets and partnering with proven operators.
Asset Management
We provide investors quarterly reports, market updates, construction camera access, and audited financials.
Underwriting team
Gabriel Hidalgo, Doug Conner and Jim Crigler review and underwrite every HC2 Capital investment together.
Meet the teamThe property
Project gallery
Street frontage of The Station Raleigh, next to the NC State campus. 
Retail and mural frontage along the community. 
Landscaped walkway through The Station Raleigh. 
Community entrance signage at The Station Raleigh. 
Apartment buildings and greenspace at The Station Raleigh. 
Exterior of one of the residential buildings at The Station Raleigh.
Related investments
Other HC2 Capital investments in the same asset class.
Investors
Investor Portal
Existing investors can access statements, K-1s and distribution history.
